Feb 25 (Reuters) - U.S. agrichemicals company Corteva ( CTVA ) said it expects the previously announced planned separation into two listed ​companies to occur sometime ‌in the fourth quarter of this year.

Late last year, ⁠the company had said it would ⁠separate its seed and pesticide ‌businesses as ‌it seeks to sharpen its strategic focus.

Corteva ( CTVA ) CEO Chuck ​Magro said at ‌the BofA Global Agriculture and Materials Conference that the company would ​announce headquarters, senior leadership ​teams ‌and the CEO of New Corteva in the first half of this year.

The ⁠company's executives added that they are ⁠optimistic about the future of the crop protection industry, citing steady demand growth and potential for further consolidation.

"We're seeing ⁠strong ‌demand, essentially around the world, ‌but there's going to be some continued ⁠headwinds, in price, but volume should more than offset it," one of the senior executives said at the conference.

Corteva ( CTVA ) said that positive momentum from a policy perspective in ​the U.S. could benefit not only the domestic soybean market but also canola and ​mustard.

(Reporting by Pooja ‌Menon in Bengaluru; Editing by ​Maju Samuel)