The Rising Influence of Rising Affluence

[DewDiligence]

SYT posts strong 3Q12, reiterates long-term (2020) sales guidance:

http://www.reuters.com/article/2012/10/23/syngenta-idUSL5E8LN0U020121023

Syngenta, the world's largest agrochemicals company, confirmed its full-year financial targets on Tuesday after a strong start to the planting season in Latin America.

Sales…rose 6 percent at constant exchange rates, to $2.7 billion… Sales in Latin America, the group's most important geographical zone at this time of the year, were up 18 percent to $1.1 billion.

…The Swiss-based firm lifted its target for sales of products for its eight top crops to $25 billion by 2020.

The last sentence above is an error by Reuters insofar as the $25B number is not a raise—SYT announced it in Sep 2012 (#msg-79872499).