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BASF slips 3% in fourth quarter

BASF’s crop protection sales fell by 2.7% to €822 million ($1,087 million at the current rate) in the fourth quarter of 2011. The company attributes the decline to “portfolio optimisation measures” and pre-buying by customers in South America during the third quarter. Revenues increased in North America due to higher fungicide sales, while sales in Europe were driven by positive year-end business in France.

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