Reading Time: 2 minutes Corteva said on Wednesday it would separate its seed and pesticide businesses into separate listed companies, as the agrichemicals firm seeks to sharpen its strategic focus.
Corteva to split seeds, pesticide units into separate listed companies
Agrichemicals firm Corteva explores splitting seed and pesticide units, WSJ reports
Reading Time: < 1 minute U.S. agrichemicals company Corteva is exploring a breakup that would separate its seed and pesticide businesses into two separate companies, the Wall Street Journal reported on Friday, citing people familiar with the matter. Separating its crop-seed unit from its pesticide business could help shield its seeds from any potential future liabilities associated with its pest […] Read more
Corteva raises annual profit forecast after strong first-half performance
Reading Time: < 1 minute U.S. agrichemicals company Corteva raised its annual adjusted profit forecast on Wednesday, following strong performance in the first half of the year.
Syngenta, Corteva must face Arkansas lawsuit over pesticide programs
Reading Time: < 1 minute Pesticide manufacturers Syngenta and Corteva must face a lawsuit from the state of Arkansas accusing them of suppressing competition for pesticide sales and keeping prices artificially high, a federal judge has ruled.
Syngenta, Corteva must face part of U.S. farmers’ antitrust lawsuit over pesticide prices
Reading Time: < 1 minute Pesticide manufacturers Syngenta and Corteva must face parts of a class action accusing the agricultural industry giants of using a loyalty program to stymie competition with rivals and keep prices artificially high for farmers, a federal judge in North Carolina has ruled.
Seed producer Corteva forecasts steady sales growth, unveils $3 bln buyback
Reading Time: < 1 minute Corteva expects low-single-digit percentage net sales growth through 2027, the U.S. agrichemicals firm said on Tuesday, banking on its exclusive seeds and crop chemical products.
Corteva reports larger-than-expected loss on low demand and pricing
Reading Time: < 1 minute U.S. agrichemicals firm Corteva reported a larger-than-expected loss on Wednesday, hurt by lower sales and prices for its products, leading the company to also cut its full-year sales outlook.
Bayer, others defeat US farmers’ chemical price-fixing lawsuit
Reading Time: < 1 minute A U.S. judge has dismissed a lawsuit accusing agriculture giants Bayer, Corteva, Syngenta and others of conspiring with wholesalers and retail outlets to fix prices for seeds and crop protection chemicals, causing farmers to pay higher prices
Herbicide approved for industrial use by drone
Reading Time: 2 minutes Canada’s Pest Management Review Agency approved Garlon XRT herbicide, the first industrial vegetation product with drone application on the label.
Corteva profit beats on higher seed prices; plans $1 bln share buyback
Depressed seed sales offset by higher price in North American and European markets and higher corn acres
Reading Time: 2 minutes Agricultural chemical and seed company Corteva beat Wall Street estimates for fourth-quarter profit on Wednesday as higher prices in its seeds business offset lower volumes and announced plans to repurchase nearly $1 billion shares in 2024.
A message from April Stewart, Country Guide's Associate Editor
