31 maj: Skattereform: Ny kapitalpension er generationsrøveri til 150 mia...
03 jun: SimCorp på vej mod solid opjustering
31-05-2012 18:10:00

DuPont Purchase Of African Seed Company Gives Edge Over Monsanto--Executive

Relateret indhold

DOW JONES NEWSWIRES

DuPont Co.'s (DD) purchase of a South African seed producer, approved after more than a year of regulatory delays, gives it roughly double the market share of Monsanto Co. (MON) in the region, a DuPont executive said.

DuPont's seed subsidiary, Pioneer Hi-Bred, is buying the company, Pannar Seed Ltd., for an undisclosed sum in a deal that was first announced in 2010. An appeals court approved the deal Monday, overturning other regulatory rejections that had delayed the sale.

Pioneer and Pannar, along with St. Louis-based Monsanto Co. (MON), are the top three seed producers in South Africa, with roughly equal market share, said Dan Jacobi, Pioneer's vice president over its commercial business in Africa, Asia-Pacific, China and Europe. Acquiring Pannar gives Pioneer a clear advantage over Monsanto in the region, he said.

A Monsanto spokeswoman said the company has farmers growing its corn, cotton and vegetable seeds in Africa, but did not give a breakdown of its seed sales there.

Opponents of the Pannar deal focused in on the effect of consolidation on competition in a market where the top three seed companies were Pioneer, Monsanto and Pannar. But Jacobi said that without the deal there would ultimately be two large competitors anyway.

"There was no standing still here," he said. "If Pannar wasn't able to find a partner to ramp up their breeding efforts, they wouldn't be viable for very long."

South Africa has been the first country on the continent to adopt genetically modified seeds, but Kenya and Ghana are also "on the road" toward genetically modified corn, Jacobi said. Pannar does business in both countries, which made the deal more attractive to Pioneer, Jacobi said.

Corn yields across sub-Sarahan Africa lag far behind the U.S., due in part to antiquated technologies. African farmers typically yield about 1.5 metric tons per hectare, Jacobi said, versus 10 metric tons in the U.S.

"There's no question in my mind that Africa will get to that level of production," he said.

-By Ian Berry, Dow Jones Newswires; 312-750-4072; ian.berry@dowjones.com; Twitter: @enberry

(END) Dow Jones Newswires

May 31, 2012 12:10 ET (16:10 GMT)

Copyright (c) 2012 Dow Jones & Company, Inc.

Opret kommentar

Relateret debat

  • 1 uge
  • 1 måned
  • 1 År
Ingen indlæg

FLSmidth/JPMorgan: Hæver kursmålet til 440 kr. fra 400 kr.

23-05-2018 12:10:05
JPMorgan har hævet kursmålet for FLSmidth-aktien til 440 kr. fra tidligere 400 kr. Det viser data fra Bloomberg News.Anbefalingen bliver der ikke pillet ved, da den stadig er "overvægt". FLS-aktien falder 0,4 pct. til 433,40 kr. onsdag middag./ritzau/FINANS

Mærsk/Alphaliner: Stor tilgang af nye skibe på markedet giver svært år

23-05-2018 11:27:14
2018 har indtil videre været sløjt for Mærsk og de øvrige store rederier, og der er ikke gode chancer for en mærkbar forbedring resten af året, hvor der løbende kommer nye og større skibe på markedet. Det vurderer analysefirmaet Alphaliner, der oplyser, at de 13 største containerrederier samlet har øget deres kapacitet - målt på antallet af containere - med 9,1 pct. i de første fem måneder af året..

Aktier/tendens: Mærsk og Genmab vil tage fokus i let negativ åbning

23-05-2018 08:16:09
A.P. Møller-Mærsk og Genmab vil løbe med opmærksomheden på det danske aktiemarked onsdag morgen, hvor det generelle marked ventes at åbne en smule lavere.Tirsdag sluttede de amerikanske aktieindeks med små fald, og i Asien går de store aktieindeks tilbage onsdag morgen, hvor futures i USA også viser minusser mellem 0,2 og 0,5 pct. Det meste af tirsdagen var markedet ellers præget af optimisme, eft..

Mest læste nyheder

  • 24 timer
  • 48 timer
  • 1 uge
1
Aktier/middag: Mærsk og Vestas sendes ned efter Trump-kommentar
2
Aktier/tendens: Mærsk og Genmab vil tage fokus i let negativ åbning
3
Pandora: Ny amerikansk hedgefond har satset penge på kursfald
4
Genmab-analytiker: Darzalex-salget viser underliggende vækst
5
Amerikansk juvelerkæde overrasker positivt på salget og opjusterer

Relaterede aktiekurser

Monsanto Company 125,75 0,0% Stigning i aktiekurs

Køb- og salgsanbefalinger

  • Trend
  • Pengemaskinen

Copyright Euroinvestor A/S 2018  Disclaimer Cookie- og privatlivspolitik
Aktieinformation leveres af Morningstar.
Data er forsinket 15-20 minutter iht. de enkelte børsers regler om videredistribution.
 
23. maj 2018 17:10:31
(UTC+01:00) Brussels, Copenhagen, Madrid, Paris
Version: LiveBranchBuild_20180515.2 - EUROWEB2 - 2018-05-23 17:10:31 - 2018-05-23 17:10:31 - 1 - Website: OKAY