Despite Rhetoric, Bayer CEO Says Pesticides Needed -- Market Talk

Dow Jones11-13

1138 ET - Americans' fixation on food inflation makes restrictions on Bayer's weed killers unlikely, its CEO says. Agriculture officials are anxious about the influence of known pesticide critic Robert F. Kennedy Jr. in the incoming Trump administration and how that would affect the chemicals they sell to U.S. farmers. Kennedy, a former member of the legal team that scored the first major court victory against Bayer's Roundup, has said on social media that the U.S. will restrict pesticides banned in Europe. Bayer CEO Bill Anderson said that glyphosate, a key ingredient in its Roundup weedkiller, is needed to keep grain prices low and that Europe's pesticide policies have made the region an importer of crops from the U.S. and South America. "Everyone has a common interest in making sure food is affordable for Americans and making sure that America remains a strong food exporting nation," Anderson said. (patrick.thomas@wsj.com)

(END) Dow Jones Newswires

November 12, 2024 11:39 ET (16:39 GMT)

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