It is reported that Monsanto will see gross profit from its Roundup herbicide business drop by half to about $1 billion annually because of increased competition, the company said on Wednesday.

As a high-effect herbicide, Roundup with common name of glyphosate is always the focus center in agrochemical industry. People care about the news of roundup whether they deal with it or not.

The business, once a core money-maker for Monsanto, should fall from about $2 billion in gross profit this fiscal year to $1 billion by 2012 and in the future should amount to less than 15 percent of the company's total gross profit, Chairman Hugh Grant said. They did not rule out eventual divestiture but said they were focused on stabilizing the business.

As a result, volume sales of Roundup have been steadily sliding this year. Monsanto said herbicide values had dropped to $3 a kilo from $10 last year.Total volume sales for the quarter were down 28 million gallons and company officials said 2009 should be the peak for this business, with competition remaining tight.

The slide in herbicide revenue comes as Monsanto continues to strengthen its position as a leading global developer of genetically modified seeds for corn, soybeans, cotton and other crops.

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