Depreciation of many currencies against dollar to weigh on agrochemical profits

Date:03-12-2009

The depreciation of many currencies against the dollar will weigh on the profitability of the agrochemical industry in 2009, the chief executive of MA Industries (MAIN.TA) said on Wednesday.

"The depreciation of most currencies versus the dollar is expected to negatively affect the sector's 2009 revenues and profitability," Avraham Bigger told a news conference.