GENEVA, Aug. 27 (Xinhua) -- Syngenta Group, one of the world's leading agriculture innovation companies, delivered a strong first half year despite challenging market conditions, with total sales increasing by 2 percent to more than 12 billion U.S. dollars, compared to the same period last year.
According to a statement released Thursday, all four business units, including Syngenta Crop Protection, ADAMA, Syngenta Seeds and Syngenta Group China, increased their underlying sales in comparison to the previous year. Sales in Syngenta's Crop Protection business grew 6 percent to 5.5 billion USD, with growth in all regions.
Swiss-headquartered and Chinese-owned, the group "managed the impacts of COVID-19 well in the first half of 2020, maintaining supply throughout despite the challenging market environment and the need for innovative solutions to overcome logistical difficulties," it said in the statement.
Noting that "the last few months have been a very challenging time for everybody on this planet," Syngenta Group CEO Erik Fyrwald applauded the group's strong performance across all of its business units "despite the COVID-19 pandemic, low grain prices and significant currency headwind."
However, the group cautioned that the sector's full year outlook remains challenging, with low grain prices and currency headwinds in developing markets. Further impacts of the COVID-19 pandemic may add to uncertainty in the second half.
As a leading player in ensuring food security, Syngenta Group is currently present in more than 100 countries, providing financial and market support to farmers, especially in the developing world.
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