A lawsuit by Iowa-based seed company Latham Quality alleges that Bayer used illegal and anti-competitive practices to monopolize the U.S. market for genetically engineered corn seeds.
Reuters
Bayer sued for allegedly monopolizing U.S. market for GMO corn seeds
Iowa seed company Latham alleges anti-competitive practices; Bayer says corn seed market is fair
China allows fresh urea exports amid Iran war-fuelled fertilizer crisis, sources say
China has issued export quotas for urea fertilizer sources said. The move could help ease soaring global fertilizer prices due to the closure of the Strait of Hormuz.
U.S. to keep tariffs on CUSMA countries, issues with Canada ‘significant’, Greer says
Difficult to see how Canada, U.S. can work out differences says U.S. trade representative in Mexico talk
The Trump administration intends to maintain tariffs on imports from Mexico and Canada as the CUSMA trade deal is revamped, U.S. Trade Representative Jamieson Greer said.
India ethanol push drives big rise in land farmed to make fuel
Land tied to ethanol crops rises eightfold; experts warn fuel push may strain food and feed systems
India’s drive to blend more ethanol into petrol and shield itself from global energy price shocks has increased the amount of farmland tied to fuel production more than eight-fold in four years
India trade minister to visit Canada with 150 business leaders to boost trade ties
Canada and India are seeking to renew economic ties and are expected to sign a trade deal this year
India’s Trade Minister Piyush Goyal will visit Canada between May 25 and May 27 with about 150 Indian industry leaders as part of efforts to strengthen trade and investment ties.
Bayer’s $7.25 billion Roundup settlement faces court objections
Objections say settlement is product of “collusion”; Bayer, class action lawyers say settlement is fair and likely to be approved
Bayer’s proposed $7.25 billion Roundup settlement is facing its first formal objections, after attorneys for 13 cancer patients asked a Missouri court not to approve the deal.
EU suspends duties on fertilizers to ease impact of Hormuz crisis on farmers
The EU will temporarily lift customs duties on key nitrogen-based fertilizers such as urea and ammonia for one year to mitigate the knock-on effects of the Iran war.
Deere beats second-quarter profit estimate but maintains full-year forecast
U.S.-based machinery-maker boosted by $272 million tariff refund
Farm equipment maker Deere beat second-quarter profit estimates on Thursday, helped by improved demand for its small agriculture and construction machinery, but kept its full-year profit forecast unchanged.
Cargill locks out 1,700 workers at Colorado beef plant in labor dispute
Slaughter has been halted at the Fort Morgan, Colorado facility since April 23
Cargill locked out about 1,700 employees at a beef plant in Fort Morgan, Colorado, on Wednesday in an escalating labor dispute.
Mexico seeks to offset screwworm impact by increasing U.S. beef exports
Screwworm outbreak forces ranchers to process cattle domestically, raising costs and logistical challenges
Mexico’s main meat industry group said on Tuesday it aims to double beef exports to the United States next year, seeking to offset losses from a border closure triggered by a screwworm outbreak that continues to paralyze livestock trade.
