Reading Time: < 1 minute Leverkusen, Germany | Reuters –– BASF, the world’s largest chemicals group by sales, will cut half of the 700 jobs at its plant biotechnology business, slashing some early development projects in yield improvement and stress tolerance and all of its rice yield and corn fungal resistance projects. BASF’s plant biotechnology unit is developing improved plant […] Read more
BASF to cut half the jobs in plant biotech unit
Monsanto to pay U.S. SEC settlement over Roundup earnings
Reading Time: 2 minutes Washington | Reuters — Monsanto will pay US$80 million to settle civil accounting violations after it allegedly misstated its earnings in connection with its top-selling Roundup product, U.S. securities regulators said Tuesday. The U.S. Securities and Exchange Commission (SEC) also said three accounting and sales executives have agreed to settle charges in connection with the […] Read more
China clears Xtend soybean variety for import
Reading Time: 2 minutes Reuters — Monsanto said on Feb. 3 it received import approval from China for its new genetically modified Roundup Ready 2 Xtend soybeans and will sell the seeds in the U.S. and Canada for the 2016 growing season. China, the world’s biggest soybean importer, does not allow imports of new genetically modified crops until they […] Read more
China seeks food security with friendly bid for Syngenta
Reading Time: 3 minutes Basel | Reuters — China made its boldest overseas takeover move when state-owned ChemChina agreed a US$43 billion bid for Swiss seeds and pesticides group Syngenta on Wednesday, aiming to improve domestic food production. The largest ever foreign purchase by a Chinese firm, announced by both companies, will accelerate a shake-up in global agrochemicals and […] Read more
Syngenta still looking at different tie-ups
Reading Time: 2 minutes Zug | Reuters — Syngenta is in talks about a possible merger and is weighing a number of options, the Swiss agrichemicals group’s chairman said Wednesday. Michel Demare said last month that the crop chemicals and seeds company was in talks with China’s state-owned ChemChina, U.S. seeds giant Monsanto and others. When asked about the […] Read more
EU food safety watchdog hits back in glyphosate safety row
Reading Time: 2 minutes Brussels | Reuters –– The head of Europe’s food safety watchdog has written to a group of nearly 100 senior scientists strongly rejecting their criticisms in a row about the safety of glyphosate. The European Food Safety Authority (EFSA), which advises European Union policymakers, issued an opinion in November that glyphosate is unlikely to cause […] Read more
The case for long-term weed programs
With Enlist soybeans and Roundup Ready Xtend coming, the time to start stretching your weed control horizon is right now
Reading Time: 5 minutes As a concept, a long-term weed management plan may be nothing new. Even so, however, the reasons to adopt it are looking stronger than ever thanks to a combination of new technologies and a weed-resistance threat that keeps intensifying. The concept certainly has merit, says Dr. Peter Sikkema, professor of weed science with the University […] Read more
Chinese farmers illegally growing GMO corn, Greenpeace says
Reading Time: 2 minutes Beijing | Reuters — Farmers are illegally growing genetically modified (GMO) corn in China’s northeast, said environmental non-profit Greenpeace on Wednesday, in a report that may generate further distrust of the government’s ability to ensure a safe food supply. Beijing has spent billions of dollars to develop GMO crops that it hopes will ensure food […] Read more
Monsanto increases job cuts as corn, chemical sales slump
Reading Time: 3 minutes Reuters — Monsanto said a souring farm economy and currency woes will push its 2016 earnings to the lower end of expectations, while a cost-cutting drive will lead the world’s largest seed company to slash more jobs. Low commodity prices also should lead to more consolidation in the agricultural sector, CEO Hugh Grant said, about […] Read more
Syngenta said talking to Monsanto, ChemChina, others
Reading Time: 2 minutes Zurich | Reuters — Swiss agrichemicals group Syngenta is in talks with Monsanto, ChemChina and other rivals but has not received a concrete takeover offer and is keeping all options open, chairman Michel Demare told a Swiss newspaper. “Given what shareholders expect for the next 12 months, going it alone is hardly possible,” he told […] Read more
A message from April Stewart, Country Guide's Associate Editor
