Wave of Speculationfor Crop Protection

摘要

The 2012 outlook is a modest 2% to 3% according to most predictions, but favorable demand and crop prices could lead to another year of unexpected double-digit growth. CROP PROTECTION revenues outpaced expectations fourfold after currency adjustmentsin 2011. The question is: Can the industry outperform conventional wisdom again in 2012? Total agrochemical sales, including noncrop, reached $51.5 billion, 17% above last year and almost $5 billion above the 2008 record. After 2011's record sales are adjusted for inflation and currency valuations, the crop protection industry rose 8%, compared to the 2% to 3% compounded annual growth rate predicted by most analysts.