Bayer CEO: we will have to stop producing glyphosate if nothing changes
Reuters
Synopsis
Bayer may halt U.S. production of glyphosate, a widely used weedkiller, due to ongoing litigation. CEO Bill Anderson stated that without regulatory or legal changes to address the legal challenges, the company will be forced to cease production. Bayer has already replaced glyphosate in consumer products and threatened to withdraw Roundup from the U.S.
ET BureauBayer on Wednesday said it would be forced to stop its U.S. production of widely-used farming weedkiller glyphosate unless regulatory or legal changes are made to stave of litigation that has been weighing on the German company.
“Unless something changes, we are going to have to stop producing glyphosate … we have to find a solution,” CEO Bill Anderson said in a media call after the release of detailed quarterly results.
The company has previously replaced glyphosate in U.S. consumer products with different weed-killing substances and it earlier this year threatened to withdraw Roundup from the U.S. agriculture markets if lawmakers or courts cannot provide more legal relief.
