News

DuPont business Pioneer Hi-Bred had significant sales volume growth of its Pioneer® brand corn, soybean and canola seed this spring, said Frank Ross, Pioneer regional director – North America, during an investors’ Business Review Series on Friday. 

“As expected, sales volume gains, along with double-digit seed price increases and a strong outlook for the North American seed business, will be a primary driver of at least 15% cumulative average earnings growth rate of the DuPont Agriculture & Nutrition business through 2013,” Ross said. 

Pioneer is forecasting significant growth in three of its major seed brands in North America for 2009.

• Corn sales volume is forecasted to grow 7 to 8%
• Soybean volumes are expected to increase 10 to 12%
• Canola volume growth is predicted to be 38 to 40%. 

“We are winning and winning big in North America,” Ross said. “We have been investing, aligning and redesigning our entire North American organization over the last few years to be closer to our customers. Our commitment to help farmers maximize their productivity and profitability – to get the right product on the right acre – is paying off for farmers, for DuPont and for its shareholders.” 

Pioneer continues to expect strong market share gains, with plans to announce North American market share once planting is complete and the United States Department of Agriculture (USDA) has updated its U.S. planted acreage report. 

To listen to a recording of the Business Review webcast, visit the DuPont Investor Center.