Reuters – Further deterioration in demand for glyphosate-based weed killers led Bayer BAYGn.DE to cut its full-year earnings outlook and announce a 2.5 billion euro ($2.8 billion USD) write-down on glyphosate-related assets. In an unscheduled statement late on Monday, the German drugs and pesticides maker said it was projecting 2023 earnings before interest, taxes, depreciation […] Read more
Bayer slashes outlook as glyphosate demand weakens further
Analysts say dry weather conditions hurt farmers' demand for seeds and pesticides
French court bans sale of two Touchdown glyphosates
Court cites lack of analysis of effects on wildlife
Paris | Reuters — A French court has banned the sale of two glyphosate-based herbicides produced by Swiss chemical group Syngenta because of a lack of analysis on the chemical’s potential harm to some wildlife. “The decision on Sept. 30, 2020 by French health security agency ANSES to renew the marketing authorization for the chemical […] Read more
France confirms S-metolachlor herbicide ban with 18-month deadline
Ban would mostly affect corn, sunflower crops
Paris | Reuters — France will proceed with a ban on major crop uses of herbicide S-metolachlor owing to concerns over water pollution, with farmers able to use the product for another 18 months, the agriculture ministry said on Friday. The decision follows a ruling in February by health and safety agency ANSES that main […] Read more
Ukraine faces lack of herbicides, pesticides for spring seeding
About a third of needed chemicals reported to be at hand
Kyiv | Reuters — Ukrainian farmers, which have already started the 2023 spring sowing, have only around 35 per cent of the herbicides and pesticides they need, analyst APK-Inform quoted on Monday official data as showed. The Russian invasion has left Ukraine seriously short of finances, seeds and crop protection products, which could have a […] Read more
Corteva to exit some markets, cut jobs in cost-saving push
Canada remains among company's 'core' markets
Reuters — Seeds and pesticides company Corteva on Tuesday announced plans to exit about 35 countries and lay off roughly five per cent of its global workforce as part of the company’s cost-cutting plans. A surge in inflation this year to four-decade highs has forced Corporate America to slash planned spending and roll out measures […] Read more
U.S. Supreme Court again nixes Bayer challenge to weedkiller suits
Washington | Reuters – The U.S. Supreme Court on Monday rejected another Bayer AG BAYGn.DE bid to dismiss litigation alleging that its Roundup weedkiller causes cancer as the German pharmaceutical and chemical giant tries to avoid potentially billions of dollars in damages. The justices turned away a Bayer appeal and left in place a lower […] Read more
Link broken in glyphosate supply chain, Bayer says
Company provides heads-up on 'force majeure event'
No one is yet using the word ‘shortage’ but farmers may need to get ready for less Roundup temporarily, following a “force majeure” event at a plant supplying an ingredient in the recipe for glyphosate. Bayer, the chemical company whose Roundup brand remains the best known of the glyphosate herbicides, reported as much in an […] Read more
Bayer takes battle over Roundup cancer claims to U.S. Supreme Court
Frankfurt | Reuters — Bayer, trying to contain billions of dollars in legal costs, filed a petition with the U.S. Supreme Court to reverse an appeals court verdict that upheld damages to a customer blaming his cancer on the German group’s glyphosate-based herbicides. Bayer last week lost a third appeal against verdicts that sided with […] Read more
Corteva lifts sales forecast on strong demand for crop protection products, seeds
Reuters – Corteva Inc on Thursday raised its net sales forecast for the year after strong demand for crop protection products such as herbicides and insecticides helped the agricultural company beat estimates for the second quarter. Corteva also announced a new $1.5 billion share repurchase program, in addition to a $1 billion buyback announced in 2019, […] Read more
U.S. judge raises doubts ahead of hearing on Roundup settlement
'The last question is a killer'
Reuters — A U.S. federal judge on Tuesday questioned a US$2 billion proposal by Bayer that would create a framework for resolving future claims that its Roundup herbicide causes cancer, casting doubt on the plan a day before a key hearing. Bayer and class action attorneys hope U.S. District Judge Vince Chhabria in San Francisco […] Read more
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