Monsanto sales rise 15 per cent

Global agribusiness company Monsanto posted a higher-than-expected quarterly profit yesterday, and said early planting in the US and a 15 per cent jump in sales would boost its full-year outlook. Monsanto, which is the world's largest seed company, said it set a record for its seeds and genomics unit, driving net income for the second quarter to $1.2bn from $1bn a year before.