Monsanto up 21% in strong third quarter
Strong seed and traits business in the US and Latin America combined with a positive response to the repositioning of the glyphosate herbicide business led to a successful third quarter of the fiscal year for Monsanto. Revenues shot up by 21.2% to $3,590 million, boosted by 57.2% growth in agrochemical sales to $943 million. Seed and trait sales rose by 12.1% to $2,647 million. Volume growth in both segments drove sales.