Downbeat 2009 for agrochemical majors
The six leading agrochemical majors saw a reversal of fortunes in 2009 after the strong sales growth of the previous two years. All posted revenue declines in dollar terms last year, with the exception of BASF, which recorded a slight increase. Bayer CropScience posted slight growth in euro terms but it was generally a downbeat year. Most companies saw some growth in the fourth quarter, thereby partly offsetting earlier declines.