Syngenta Group reports strong financial results for the second quarter and first half of 2022, with the quarter up by 24 percent to $9.2 billion, increasing $1.8 billion compared to year ago.
All business units achieved double-digit sales growth in the quarter and the first half of 2022, benefiting from strong demand for the Group’s products and services that help farmers successfully grow crops to address global food security and mitigate the effects of climate change by providing healthy, nutritious, and affordable food. Syngenta Group continued to promote the transition to a regenerative food production system, playing its part by accelerating innovation to nurture and restore soil health, biodiversity, climate and water systems, while enhancing productivity and farmer economics. Further, Syngenta Group is working with other companies in the agriculture value chain, including food companies and retailers, to progress regenerative agriculture.
Syngenta Crop Protection sales grew 25 percent to $8.6 billion in the first half of 2022, with North America sales up 16 percent. ADAMA sales grew 24 percent to $3.6 billion in the first half of 2022, benefiting from the launch of new products, with North America growing by 26 percent.
Syngenta Seeds sales grew 17 percent to $2.3 billion in the first half of 2022, North America up 18 percent. Higher demand for corn drove field crop sales in Latin America, with 61 percent growth.
Syngenta Seeds launched GHX, a new farmer-focused business model in the U.S., which provides farmers a new way to buy seed that makes the experience easier with one flat per-acre price to simplify the buying process, helping to increase the reach to farmers and enable growth. They also launched the Golden Harvest brand in Brazil in Q2 with the initial product line focusing on soybeans.