Syngenta plans buyback as 2010 outlook brightens

On Syngenta's table were plans to return US$750 million to shareholders this year as demand picks up, and a US$200 million share buyback.

The Swiss group had a tough year as prices for farming products fell, but the group was optimistic on 2010 based on rising agricultural demand.

Improved conditions in emerging markets are contributing to a more positive outlook for 2010 and lead the group to expect volume growth starting in the second quarter, said chief executive Mike Mack.

Syngenta said its full-year net profit edged down 1% to US$1.37 billion, hit by lower food prices, but just ahead of forecasts.