Global Research - The biotech giant Monsanto, which is responsible for genetically modifying much of the nation’s and world’s crops, announced that its earnings fell 34% in its first fiscal quarter as South American farmers reject GMO crops. This is even more evidence that the number of individuals and farmers who realize the potential dangers of GMOs is growing.
Monsanto’s decline in earnings is also the result of farmers using less acreage for planting corn, reducing demand for the company’s manufactured seeds.
What’s more, Monsanto’s revenue fell more than 8% to $2.87bn in the period due to a lower sales of corn seeds and herbicide. It was reported that analysts expected $2.96bn, according to Zacks.
Monsanto shares have decreased nearly 3% since the beginning of the year, while the Standard & Poor’s 500 index has climbed slightly more than 8%.
1 comment:
Can it be that Monsanto's sales are down because those of Syngenta, DuPont,et al are up?
http://sleekmoney.com/syngenta-ag-upgraded-by-miller-tabak-to-buy-nysesyt/105135/
http://www.reuters.com/article/2014/12/22/corn-china-idUSL3N0U62OL20141222
Do to long exposure,RoundUp tolerance may have farmers turning to others varieties of GMO's. However, Monsanto's prospects still remain viable elsewhere:
http://www.globalresearch.ca/ukraine-agreed-to-a-monsanto-land-grab-to-get-a-17-billion-loan-from-the-international-monetary-fund-imf/5424058
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