The Monsanto reported record net sales of $US2 billion for the fourth quarter of fiscal year 2008 which was 35pc higher than sales in the same period in fiscal year 2007.

Monsanto scored record net sales of $US11.4 billion in the company's fiscal year 2008 which was 36pc higher than sales in fiscal year 2007.

Key contributors to the company's growth included increased sales of Roundup and other glyphosate-based herbicides globally, higher worldwide corn seed and traits revenue, increased revenue from the company's US soybean and cotton seeds and traits businesses. Increased revenue from the company's vegetable seed portfolio also contributed to results in the year.

Monsanto reported a net loss of $US172 million in the fourth quarter of fiscal year 2008, compared with a reported net loss of $US210 million in the same period last year.