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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.



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