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Amvac sales slip by a third in Q1

A sharp downturn in sales of granular maize insecticides in the US contributed to a 33.3% fall in American Vanguard's sales to $81.1 million in the first quarter of 2014. The company warned of the expected decline due to high stock levels remaining from the previous season due to persistent wet weather and reduced agrochemical applications in 2013 (Agrow No 686, p 6). Severe winter weather this year delayed spring crop planting, prompting continued delays in demand for agrochemicals, the company points out.


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