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Meghmani down 5% in 2009

Indian company Meghmani Organics (Ahmedabad) recorded a 4.6% drop in agrochemical sales to Rs 4,078 million ($86.5 million at the current rate) in the financial year ended March 31st 2010. An increase of 3.9% in domestic sales to Rs 1,502.8 million ($31.9 million) could not offset the 8.9% exports decline to Rs 2,575.2 million ($54.6 million). Exports were hit by lower volume sales compounded by pressures on pricing.



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