Chinese authorities nudged Swiss agrichemicals and seeds group Syngenta to withdraw its application for a long-delayed $9 billion IPO in Shanghai on concerns about the impact a sizeable new offering would have on a volatile market, four people said.
Tag Archives pesticides
Beijing nudged Syngenta to withdraw $9 billion Shanghai IPO on market weakness, sources say
China's securities watchdog's tighter scrutiny of IPOs has led some companies to scrap plans, move offshore
Pesticides under fire in U.S.
Recent court decisions have threatened farmers' abilities to use some herbicides
Pesticides are increasingly under attack in the United States and that is keeping farm leaders awake at night.
Ag chem maker FMC looks to sell non-core assets
Reuters — Crop protection products maker FMC Corp. has launched a strategic review of its non-core assets, including a potential sale of its non-crop business. A slowdown in demand for herbicide and pesticides as well as excess inventories had resulted in large destocking in South America, denting the U.S.-based company’s earnings for much of the […] Read more
Ag input firm FMC’s shares tumble after lowering financial targets
Partners 'rapidly reduced inventory levels'
Reuters — Shares of FMC Corp. fell more than eight per cent on Monday after the agricultural products supplier cut its outlook for the year on volume declines in most of its major markets. “Towards the end of May, we experienced unforeseen and unprecedented volume declines in three out of our four operating regions, as […] Read more
Insects posing problems in Saskatchewan crops
Grasshopper, flea beetle damage already reported
MarketsFarm – Although it’s still early in the growing season, some insect pests have already posed a threat to crops in Saskatchewan or could do so in the near future, according to James Tansey, provincial specialist for insects/invertebrate pest management. Among the pests he cited were grasshoppers, flea beetles and pea leaf weevils. Tansey said […] Read more
French agency drops fumigant ban on non-EU grain exports
Limit on phosphine won't apply if use required for export
Paris | Reuters — French health safety agency ANSES on Thursday cleared the use of phosphine pesticide in contact with grains exported outside the European Union when importing countries require the process, averting a halt to shipments from the EU’s top grain exporter. In late October ANSES cleared the use of phosphine tablets used for […] Read more
France says pesticide ban will not hit grain exports
Fumigant can't be in 'direct contact' with grains
Paris | Reuters — France will ensure that a decision by health and safety agency ANSES to ban the use of a pesticide in direct contact with grains does not hamper its exports outside the European Union, its trade and agriculture ministers told Parliament on Tuesday. In late October ANSES cleared the use of phosphine […] 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
U.S. trade commission sues pesticide makers, alleging price scheme
Washington | Reuters — The U.S. Federal Trade Commission on Thursday sued two top pesticide manufacturers for allegedly entering into exclusive contracts with distributors that kept prices paid by farmers artificially high. The consumer watchdog agency was motivated to bring the case in part because rising costs and supply chain disruptions from Russia’s invasion of […] 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
Canadian Cattlemen Presents: Depth of Field
