News

Syngenta reported a 10% drop in third-quarter sales to $5.2bn and a 2% decline in EBITDA to $800m, citing European drought, heatwaves, and delayed farmer purchases as key factors. Despite the quarterly weakness, nine-month EBITDA rose 1% to $3.2bn as the company shifted toward higher-margin and innovative products, improving its margin profile. The group’s ongoing strategic focus on innovation and cost controls supported earnings growth amid challenging market conditions, as Syngenta prepares for a planned Hong Kong IPO in 2027. Leadership changes were also announced, with Gaël Hili becoming president of Syngenta Seeds and Dr Zhigang Hao taking over as CEO of ADAMA.

AGCO adjusts its full-year guidance amid challenging ag economics, which is particularly hurting Brazilian farmers

BASF is moving forward with plans to spin off its Agricultural Solutions division, with 80% of the carve-out work completed and the business expected to be IPO-ready by mid-2027. Despite a challenging third quarter marked by a 20% drop in sales due to lower volumes in South America and the impact of an ERP software migration, management remains confident in a fourth-quarter recovery. Executives emphasized that the separation process continues despite market headwinds, aiming to unlock greater value for the division as a standalone entity. BASF is monitoring peers but maintains that Agricultural Solutions' unique profile sets it apart in the sector.