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Friday / November 8. 2024

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HomePosts Tagged "soybean" (Page 2)
Agrotech, Finance

Bayer grew sales by double-digit percentages at herbicides, fungicides, and soybean seed & traits on a currency- and portfolio-adjusted basis

In the agricultural business (Crop Science), Bayer increased sales by 11.1 per cent (Fx & portfolio adj.) to 20.207 billion euros. The division grew sales significantly across all regions, especially in Latin America and Asia/Pacific. At Corn Seed & Traits, sales were up 9.2 per cent thanks to increased market share in North America and Latin America, as well as to higher prices worldwide. Bayer grew sales by double-digit percentages at Herbicides (15.4 per cent), Fungicides (13.8 per cent) and Soybean Seed & Traits (14.9 per cent) on a currency- and portfolio-adjusted basis. The main drivers were price increases for glyphosate-based products at Herbicides, and higher Fox Xpro volumes in Latin America at Fungicides. Soybean Seed & Traits benefited from higher volumes and prices, particularly in North America and Latin America.

EBITDA before special items at Crop Science increased by 3.6 per cent to 4.698 billion euros, resulting in a margin of 23.2 per cent. The growth in earnings was mainly driven by higher prices and volumes as well as contributions from ongoing efficiency programs. By contrast, earnings were diminished by a largely inflation-fueled increase in the cost of goods sold, as well as by negative currency effects of 387 million euros.

Bayer sees encouraging steps regarding glyphosate litigation in the US.

Bayer grew sales by double-digit percentages at

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The one-shot solution will help to protect soybean crops from the attack of narrow-leaved weeds, broad-leaved weeds, and sedges

Best Agrolife Limited (BAL) has received one more patent for herbicidal composition of haloxyfop, imazethapyr, and chlorimuron, likely to emerge as an effective one-shot solution to protect soybean crops from the attack of narrow-leaved weeds, broadleaved weeds, and sedges.

“The company is planning to launch this in-house developed ternary herbicide in all these Indian states by early 2023 with the brand name ‘Shot Down’. With this patent in hand, BAL will now have a competitive advantage over the contemporary agrochemical players in India as this product is going to be of high importance not only in India but in other soybean-producing countries as well. Therefore, the company is also moving ahead with the procedures of filing the PCT application to globalise the proprietary brand Shot Down in many other major soybean-producing countries like Brazil,” said Vimal Alawadhi, MD, BAL.

The one-shot solution will help to protect