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BASF Sees Decline in Quarterly Profits

By Amanda Brodhagen, Farms.com

The world’s largest chemical company – Germany’s BASF shares fell 3.97 percent to 67.09 euros Thursday at the Frankfurt Stock Exchange. Despite its fall in net profits in the second quarter, BASF held on to its targets.

BASF said that a volatile global environment would be more challenging than expected. The company makes a variety of chemicals including for plastics, paints, drugs and agriculture.

The company’s Agriculture Solutions segment performed well, with sales in agriculture increasing in the second quarter by 18%, 1.7 euros. BASF said higher prices coupled with the acquisition of Becker Underwood helped boost growth.
 


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LALEXPERT: Sclerotinia cycle and prophylactic methods

Video: LALEXPERT: Sclerotinia cycle and prophylactic methods

White rot, also known as sclerotinia, is a common agricultural fungal disease caused by various virulent species of Sclerotinia. It initially affects the root system (mycelium) before spreading to the aerial parts through the dissemination of spores.

Sclerotinia is undoubtedly a disease of major economic importance, and very damaging in the event of a heavy attack.

All these attacks come from the primary inoculum stored in the soil: sclerotia. These forms of resistance can survive in the soil for over 10 years, maintaining constant contamination of susceptible host crops, causing symptoms on the crop and replenishing the soil inoculum with new sclerotia.