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Amvac agchem sales down 19% in Q1

A weak US Mid-West maize market contributed to an 18.7% decline in American Vanguard's crop protection sales to $59.5 million in the first quarter of 2015. The reduced restocking of inventories that adversely impacted 2014 revenues continued into 2015, the company points out. While inventory levels have been reduced, procurement continues to be challenged by low maize commodity prices, resulting in delayed or reduced maize plantings.

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