The company has reported sales in the first quarter of 2008 increased by 20% at constant exchange rates (CER).
Reported sales benefited from the weakness of the dollar and were 28% higher at $3.8 billion.
Substantial volume growth was supplemented by a 3% increase in pricing.
In crop protection sales were 22% higher (CER) with a strong start to the Northern hemisphere season and continued momentum in Latin America.
In Asia Pacific, emerging markets continued to expand rapidly and Australia saw more favourable weather conditions.
Seeds sales were 13% higher (CER). In the USA growth in soybean offset the impact of lower corn acreage, while corn sales expanded rapidly in Europe, Latin America and Asia.
Sales of diverse field crops reflected increased sunflower demand, notably in Eastern Europe.
In vegetables and flowers, strong growth in vegetables was augmented by the consolidation of Zeraim Gedera and Fischer.
While the first quarter growth rate is unlikely to be sustained throughout the year, the early momentum leads the company to expect that full year earnings per share growth are likely to exceed 20%.
(2 October 2008) Martek Biosciences Corporation says its life'sDHA is featured in the new Live Bright Brain Health Bar, the latest offering from Kellogg. Each bar contains 100 mg of life'sDHA and w...
(1 October 2008) Givaudan Flavours is launching its new ByNature program for the European market with a series of natural culinary profiles for meat flavours. The Givaudan ByNature culinary meat ra...
(1 October 2008) Royal DSM N.V. has inaugurated its new polymer plant in Jiangyin (Jiangsu province, China). The plant produces high viscosity grades of Akulon polyamide 6 (PA6) aimed at the fast ...
(1 October 2008) McNeil Nutritionals has launched Splenda No Calorie Sweetener with Fiber, a no-calorie sweetener for foods and beverages with one gram of fiber in each packet. The product answers ...
(1 October 2008) ‘Super grains’ might take flight, albeit gradually, in the region. White bread remains largely popular in the market, although unpolished rice is a staple food in some Asian regio...
(1 October 2008) Martek Biosciences Corp says revenues for the third quarter of the fiscal year 2008 were $88.4 million, up 14% from $77.8 million in the same period last year. Net income was $9.3...
(1 October 2008) GLG Life Tech and Weider Global Nutrition (WGN) say they have signed a definitive agreement to set up a venture, GLG Weider Sweet Naturals, to sell dietary and tabletop supplement...
(1 October 2008) A recent clinical study shows NAT’Life’s Powergrape is a natural ingredient that promotes efficacy in physical performance and cell oxygenation in humans. Powergrape maximizes phy...
Marks & Spencer has opened its first store in mainland China with hopes that it might lift flagging results. As the flagship store opened on West Nanjing Road, Shanghai’s premier shopping street, the UK retailer reported its worst performance for three years with like-for-like UK sales down by over six per cent over the last three months.
Sorin Minea, chairman of the Romanian Federation of Food Industry Business Owners (Romalimenta) says the food industry is currently overdeveloped in Romania and explains that the weight of current expenses...
US grocers including Whole Foods Market, Kroger and Stop & Shop have had to hire third party verifiers to root out produce that contains pesticide residue despite organic seals. Some supposedly organic producers are certifying conventionally-grown produce in order to increase the price.
Tesco, Britain's biggest retailer, has shown it operates best in tough markets, racking up a 10.3 per cent increase in profit of €1,824 billion for the first six months of 2008 to 23 August. Total sales rose 13.8 per cent to €32.1 billion.
Metro is currently a patchwork of conventional grocery stores under the banners A&P, Dominion, Loeb, The Barn, Ultra and Food Basics. What the third-largest grocer in Canada is planning to do is change banners in order to shed stale concepts and mixed consumer impressions.
Walmart has started listing the groceries it stocks online in a Beta section of their website listing thousands of food and other grocery-type products. The site also communicates nutritional information to consumers.
