(Reuters) -U.S. agrichemicals firm Corteva posted a smaller fourth-quarter loss on Wednesday, helped by strong sales volumes. Crop Protection volume increased 16% over the previous year, driven primarily by Latin America, on demand for new products, while seed volume increased 19% due to the expected increase in Safrinha corn planted area in Brazil. The company […]
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Corteva reports smaller fourth-quarter loss
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(Reuters) -U.S. agrichemicals firm Corteva posted a smaller fourth-quarter loss on Wednesday, helped by strong sales volumes.
Crop Protection volume increased 16% over the previous year, driven primarily by Latin America, on demand for new products, while seed volume increased 19% due to the expected increase in Safrinha corn planted area in Brazil.
The company is among the largest crop-protection product makers in the United States, competing with the likes of Syngenta and German firms BASF and Bayer in the agricultural chemicals sector.
Net loss attributable to the Indianapolis-based company came in at $41 million, or $0.06 per share, for the three months ended December 31, compared with a loss of $253 million, or 36 cents per share, last year.
(Reporting by Mrinalika Roy in Bengaluru; Editing by Alan Barona)