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All of the agrochemical companies below the top five multinationals in Agrow’s dollar-based top 20 ranking posted higher sales in 2017, with ten recording double-digit gains. There were substantial increases for all of the Chinese firms. Among the top five, only BASF and Monsanto were ahead of the previous year.

The merger of DuPont and Dow Chemical meant that ChemChina subsidiary Adama became the sixth-largest player in the industry. It was formed from the reverse merger between Chinese company Hubei Sanonda and Adama Agricultural Solutions. Agrochemical sales were up by 5.7%, with volumes up by about 8%. The company saw gains in each of its geographic regions except Europe, where there was a slight dip.

FMC advanced two places in the ranking on its 11.3% sales increase. Revenues were boosted by the acquisition of certain crop protection assets from DuPont (part of DowDuPont) on November 1st 2017. That business added $193 million to fourth-quarter sales, which grew by 40%.] Legacy business grew by about 9% for the quarter and 3% for the full year. Sumitomo Chemical posted an 8.6% rise in sales in yen terms and 4.8% in dollars. Revenues were boosted by higher insecticide sales, especially in Brazil and India, and acquisitions over the previous two years. The company acquired the Australian pyrethrin insecticide company, Botanical Resources, in November 2017 and Indian agrochemical company Excel Crop Care in 2016.

UPL saw an 8.8% sales rise in rupees, which represented an 11.9% increase in dollars. The company saw consistent gains of 6-8% in rupees in each of its regions. Nufarm posted an 11.1% revenue increase in Australian dollars and a 13.4% rise in US dollars. The company recorded double-digit gains in each of its regions with the exception of Europe where sales were down by nearly 2% in Australian dollars.

Platform Specialty Products’ agrochemical business, Arysta LifeScience, recorded a 4.5% sales increase. The business saw organic growth of 3% and foreign currency gains driven primarily by the Brazilian real and the euro.

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Agrow’s Top 20 ranking and the half-year results of the top crop protection companies | Agribusiness Intelligence

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