Dive Brief:
- Syngenta reported positive full year 2014 earnings, including boosts in sales, operating and net income, and earnings per share.
- Syngenta delivers these positive earnings despite "lower crop prices, unfavorable weather conditions in North America, and a deliberate reduction in low margin sales of glyphosate," according to Syngenta CEO Mike Mack.
- Mack says that more than half of Syngenta's earnings now come from emerging markets, demonstrating Syngenta's new strategies for capturing more customers.
Dive Insight:
Syngenta had some other good news this week. The announcement came that Cargill would again allow Syngenta's GMO Viptera corn strain to be sold after China lifted its Viptera ban that it implemented in late 2013. That ban led to several lawsuits from U.S. farmers, as well as Cargill.