Higher supermarket prices in the west mean people elsewhere are going hungry. War, extreme weather and rising input costs are exacerbating food insecurity. In China, a vast population relies on imports to survive.
Syngenta aims to reduce that dependence. Results out on Wednesday revealed that its Chinese seed and chemical business was flourishing.
ChemChina acquired the Swiss-based business to advance China’s agriculture in 2017. The owner now plans to list a 20 per cent stake in its subsidiary. The Shanghai stock exchange is reviewing an initial public offering plan, a sign that a deal may only be months away.
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