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ChemChina subsidiary the Adama group expects net profit for the first quarter of 2018 of $295–$326.3 million.
The US-based, UK-listed bioproducts company, Plant Health Care (PHC – Raleigh, North Carolina), recorded a 21.4% increase in sales to $7.7 million in 2017.
Increased agrochemical sales were more than offset by a decline in Monsanto’s seed and trait sales during the second quarter of fiscal 2018 (ending August 31st).
Chinese company Sichuan Hebang Biotechnology’s agrochemical sales increased by 38.8% to Yuan 2,708.2 million ($427.1 million at the current rate) in 2017.
Strong sales in Europe and North America boosted Nufarm’s crop protection (excluding seed treatments) revenues by 6.3% to Aus$1,391.4 million (US$1,093 million at the current rate) in the six months to January 31st 2018.
American Vanguard’s crop protection sales rose by 10.7% to $301.4 million in 2017. Non-crop pesticide sales were up by 34.4% to $53.6 million and total revenues rose by 13.8% to $355 million.
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