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Monsanto seeks market share gains

Increased market share in the maize seed sector and greater penetration of triple-stack lines are key factors in Monsanto's plans for profit growth over the next four years. Single-trait genetically modified maize lines are expected to largely disappear over this period, Monsanto's chairman, president and CEO, Hugh Grant, declared at the Goldman Sachs Agricultural Biotech Forum in New York, US, last month. Mr Grant reiterated the company's goal of a gross profit margin of 51-53% by 2010 compared with 48% in fiscal 2006 (Agrow No 506, p 3).

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