Profits of agrochemical suppliers generally increase

Recently, major global suppliers of agrochemicals and seeds generally expect strong performance in 2021, but the continued rise in costs and supply chain disruption will have a greater impact

In the second quarter of 2021, Bayer's CropScience business achieved an increase in sales of 4.

Corteva Agricultural Sciences’ sales in the second quarter increased by 8% year-on-year, crop protection and seed sales increased by 12% and 7%, respectively.

BASF's sales of agricultural solutions in the second quarter increased by 15%, and prices rose by 3%, but EBIT for special items still fell by 28% to 75 million euros due to exchange rate effects and higher fixed costs

At the same time, FMC's sales revenue in the second quarter increased by 8% to reach 1.

Based on the current background, agrochemical companies focus more on the grippers they can control, especially innovation

Among them, Corteva said that the sales of new crop protection products in the first half of the year increased by US$260 million over the previous year

Syngenta also said that the revenue growth in the first half of the year was due to the innovation of seeds and crop protection products.

　　Santos detailed several new products that Bayer will promote growth, including the Velum/Verango brand for nematode control, fungicides that increase yield potential, and innovative products such as the company's new dwarf corn Vitala launched in Mexico