Corteva Joins With USAID To Advance Ukrainian Agricultural Production And Exports

Corteva Inc CTVA collaborated with the U.S. Agency for International Development (USAID) to aid farmers in Ukraine.
Both organizations united to provide farmers access to financial and grain storage solutions.
"Ukrainian farmers are entering this planting season facing immense challenges. We are honored to support their efforts with hybrid seeds and crop protection products that leverage one of the world's most evolved germplasm and sustainably advantaged chemistries. Our innovative solutions will enable these farmers to meet their yield and productivity goals while supporting the pressing food security needs of their country and the global agricultural market," said Igor Teslenko, Corteva Agriscience Europe, Middle East & Africa President.
Corteva Agriscience, which decided to exit Russia last year, plans to raise its production of hybrid corn and sunflower seeds in Ukraine by 30% over the next five years, with a stable supply of seeds for farmers in 2023 and further.
This month, Corteva allied with The Chemours Company CC and DuPont de Nemours, Inc DD to resolve all PFAS-related drinking water claims of a defined class of public water systems in the U.S.
Last month, Corteva reported Q1 2023 revenues of $4.88 billion, beating the consensus of $4.76 billion and adjusted EPS of $1.16 exceeded the street estimates of $0.93.
Price Action: CTVA shares are trading lower by 0.38% at $55.71 premarket on the last check Monday.