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Monsanto plummets on tough outlook for seeds, weed killer
2016-03-02 22:45:05| Chemicals - Topix.net
Shares of agricultural business giant Monsanto plummeted Wednesday after the maker of biotech seeds slashed its 2016 guidance due to worse-than-expected sales expectations for its products. A combination of headwinds, including pricing pressures and negative currency rates, is "proving to be even more challenging," than the company estimated, Monsanto chief financial officer Pierre Courduroux , said in a statement.
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Category:Chemicals
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