2024-02-08 14:03:23 ET
In 2023, Corteva's cost of goods sold (COGS) decreased to $9,920 million (58% of net sales) compared to $10,436 million (60% of net sales) in 2022. This decrease was driven by lower volumes, ongoing cost and productivity actions, and a decrease in royalty expenses. However, it was partially offset by higher input costs. In 2022, COGS increased due to increased volumes and higher input costs, but it was partially offset by ongoing cost and productivity actions and a favorable impact from currency ... Full story available on KlickAnalytics.com