A Tough Row

Serafin, Tatiana
November 2005
Forbes Asia;11/14/2005, Vol. 1 Issue 7, p58
The article focuses on the rivalry between Syngenta and Monsanto in the genetically modified seed industry. Monsanto has a three-year lead on altered seeds. The company is focusing on biotechnology, as it must. With its chemicals business, Solutia, spun off but still a legal liability, genomics and seeds represent its best hope and 52% of its $6.3 billion in sales for the fiscal year ended August 31, 2005. Syngenta reported a 6% increase in total seed sales for the first half of 2005 to $1.2 billion, but this was largely driven by the selloff of existing stocks of Golden Harvest and Garst seeds.


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