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Syngenta first-quarter sales down 7 percent on currencies, weak Latam business

Reuters

FRANKFURT (Reuters) - Syngenta (SYNN.S), the Swiss pesticides and seeds maker that is being taken over by state-owned ChemChina, said first-quarter sales declined 7 percent, hurt by a strong dollar and a drop at its Latin American business.

Group sales declined to $3.7 billion (2.5 billion pounds), unchanged from a year earlier when adjusted for currency effects, which was slightly below the $3.75 billion expected on average in a Reuters poll of analysts.

(Reporting by Ludwig Burger)