LAUSANNE, SWITZERLAND – Monsanto, which has European offices in the Lausanne region, Wednesday 5 October published its fiscal 2011 results, showing good growth despite a fourth quarter slowdown: sales of $11.82 billion with gross profits of $6.08b.
The company says its soybean business, which is about one-quarter the size of its corn business, is picking up. “In soybeans, the company earned a total of 17 million US acres for its Genuity® Roundup Ready 2 Yield® product in 2011, a 10-million-acre step up over the prior year. The company expects Roundup Ready 2 Yield® to reach more than 27 million to 30 million acres in 2012 and serve as the leading product in Monsanto’s brands.”
Related story, “Swiss non-GM soybeans get boost from researchers“, GenevaLunch, 5 October 2011