date:Jun 27, 2014
The worlds largest seed company, Monsanto, has reported a drop in profit for its third quarter of the year, but its results were ahead of forecasts. The company said it plans to double earnings over the next five years.
Monsanto, which makes genetically-engineered corn and soybeans, said earnings for its third quarter (ending 31 May), were down due to competitive market conditions, but it felt the overall outlook for the future was bright.
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