Agricultural Chemicals Suffer Again... $90 Million Vanishes in a Day

At the close on the 19th, FMC Corporation (NYSE: FMC) shares fell 5.9% to $12.75 on the New York Stock Exchange. The company’s market capitalization dropped to about $1.6 billion (approximately KRW 2 trillion), erasing roughly $88.8 million (KRW 120–130 billion) in value in a single day. Trading volume reached about 1.73 million shares, indicating significant activity.

Recently, FMC agreed to sell its Indian subsidiary, FMC India, to local firm Crystal Crop Protection for $252 million (approximately KRW 350 billion), with the proceeds earmarked for debt repayment.

At the end of April, FMC reaffirmed its full-year fiscal 2026 outlook, guiding revenue of $3.6–3.8 billion and earnings per share of $1.63–1.89. However, concerns over revenue contraction and substantial net losses have fueled investor skepticism about the timeline for profitability recovery.

Headquartered in Philadelphia, FMC is a global agricultural sciences company supplying crop protection products—such as insecticides, herbicides, and fungicides—as well as biopesticides and crop nutrition solutions worldwide. Once a diversified chemical company with a lithium business, FMC has refocused on agricultural crop protection. The sale of its India operations is viewed as part of its ongoing restructuring to reduce debt and reallocate resources toward higher-growth areas.