Adama agchem sales down 8% in Q3

摘要

ChemChina subsidiary Adama Agricultural Solutions has posted an 8.3% fall in third-quarter agrochemical sales to $652.6 million. ChemChina subsidiary Adama Agricultural Solutions has posted an 8.3% fall in third-quarter agrochemical sales to $652.6 million. Revenues covering all Adama business dropped by 8.6% to $696.1 million. In currency adjusted terms, total sales rose by some 9.5%. A particular impact came from the fall in the Brazilian real, which had lost more than half its value in the 12 months since the comparative period. The company boasts of share gains worldwide. Volumes increased 6% in the third quarter, while Adama also reports price rises of 3.9% in national and regional currencies.