AgroPages-Dow's Agricultural Sciences sales up 14% in Q1 2013-Agricultural news

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Sales of Dow AgroSciences’ were up by14.4% to $2,103 million versus the same period of last year in the first quarter of 2013 ended Mar, 31. EBITDA for this segment up by 7.3% to $484 million in the first quarter. Sales volume increased 11% and price rose 3%.

For the first quarter of 2013,Crop Protection sales rose 7% versus the same period of last year, and sales of new crop protection products grew 12% in the quarter versus the year-ago period.

Seeds, Traits and Oils achieved a 37% sales gain in the quarter versus the year-ago period, driven by strong farmer demand for SmartStax® corn hybrids.

Dow’s Agricultural Sciences sales results ($ million)
Q1 ended Mar. 31	Q1 2013	Q1 2012	% change
sales	2,103	1,838	+14.4
EBITDA*	484	451	+7.3
*earnings before interest, tax, depreciation and amortization