Aceto slips in second quarter
The US company, Aceto (Lake Success, New York), recorded a 5.6% decline in crop protection sales to $3.2 million in the three months ended December 31st 2009. It attributes the drop to lower sales of a herbicide for use on peanuts due to reduced plantings. The US peanut area dropped by nearly 30% in 2009, the company notes. Gross profit for Aceto’s agrochemical business fell by 49.7% to $347 million in the second quarter of fiscal 2010.