The agri-chemical and seed giant sees more acres of US farmland planted in soya beans this year, with seed prices expected to rise in 2017.
ADVERTISEMENT
US agro-chemical and seed company DuPont has reported a 7% increase in operating profits from its agriculture division, to just under $1.8bn, for its 2016 financial year. Profit margins within DuPont’s agriculture business increased 170 basis points in 2016, to a very strong 18.5%. DuPont said cost savings within the division and lower product costs were the main drivers of the improved result.
Turnover from agrichemical and seed sales declined 3% in the year, to $9.5bn, following a 1% decline in sales volumes and a 2% negative currency translation.
DuPont says agriculture continues to face challenges, as stocks of major crops keep the pressure on grain commodity prices and farm incomes. DuPont has forecast continued pressure on margins in the agriculture sector. The agri-chemical and seed giant sees more acres of US farmland planted in soya beans this year, with seed prices expected to rise in 2017.
ADVERTISEMENT
Register for free to read this story and our free stories.
This content is available to digital subscribers and loyalty code users only. Sign in to your account, use the code or subscribe to get unlimited access.
The reader loyalty code gives you full access to the site from when you enter it until the following Wednesday at 9pm. Find your unique code on the back page of Irish Country Living every week.
CODE ACCEPTED
You have full access to the site until next Wednesday at 9pm.
CODE NOT VALID
Please try again or contact support.
US agro-chemical and seed company DuPont has reported a 7% increase in operating profits from its agriculture division, to just under $1.8bn, for its 2016 financial year. Profit margins within DuPont’s agriculture business increased 170 basis points in 2016, to a very strong 18.5%. DuPont said cost savings within the division and lower product costs were the main drivers of the improved result.
Turnover from agrichemical and seed sales declined 3% in the year, to $9.5bn, following a 1% decline in sales volumes and a 2% negative currency translation.
DuPont says agriculture continues to face challenges, as stocks of major crops keep the pressure on grain commodity prices and farm incomes. DuPont has forecast continued pressure on margins in the agriculture sector. The agri-chemical and seed giant sees more acres of US farmland planted in soya beans this year, with seed prices expected to rise in 2017.
If you would like to speak to a member of our team, please call us on 01-4199525.
Link sent to your email address
We have sent an email to your address. Please click on the link in this email to reset your password. If you can't find it in your inbox, please check your spam folder. If you can't find the email, please call us on 01-4199525.
ENTER YOUR LOYALTY CODE:
The reader loyalty code gives you full access to the site from when you enter it until the following Wednesday at 9pm. Find your unique code on the back page of Irish Country Living every week.
SHARING OPTIONS