Brazil boosts FMC's year end
Unexpectedly strong sales in South America, particularly Brazil, contributed to a 15.9% increase in FMC's agrochemical revenues to $195.6 million in the fourth quarter of 2006. The main growth drivers in Brazil were rising commodity prices, a stable exchange rate and increased optimism in the agricultural sector, particularly for sugar cane, FMC points out. The company benefited from increased plantings of sugar cane and cotton, which were up by 12% and 21%, respectively. FMC's agrochemical sales for these crops exceeded expectations, the company notes.