From new bans to new competition, there is much going on in the agrochemical news. Here’s the latest rundown of some of the top stories in the agrochemical industry:
Bayer Pushes Transparency With the Release of Its Glyphosate Reports
Bayer recently shared 107 of its glyphosate safety study reports with the public as part of its efforts to embrace and promote transparency. The safety study reports are accessible online via Bayer’s Transparency in Crop Science platform. These are the same reports that the company submitted to the European Food Safety Authority (EFSA). The platform also shared safety study reports for pesticides, insecticides, fungicides and other active substances, such as methiocarb, thiacloprid and fenamidone.
Even as Bayer faces multiple lawsuits based on safety issues with glyphosate-based herbicides, the company is taking steps to deliver on its commitment to transparency with the release of its reports. The company is also welcoming open discussions based on science with consumers, regulators and industry members about glyphosate’s safety.
Cheetah Pro Makes Headlines as New Glyphosate Alternative
Amidst the controversy surrounding glyphosate’s safety, a new glyphosate alternative is emerging as a new contender thanks to Nufarm Americas. The company recently announced its new glyphosate alternative Cheetah Pro. Nufarm Americas designed this non-selective herbicide to help consumers control weeds’ and grass’ fast growth on various landscapes effectively. With approval in 42 states, Cheetah Pro brings new competition to the agrochemical industry. Thus, it’s important for agrochemical companies and investors to pay attention to new competitors that may challenge existing agrochemical products’ relevancy and threaten market share.
New Rice Herbicide Launches in Japan
Japan-based agrochemical Sumitomo Chemical recently began marketing its new rice herbicide Maslao. This herbicide consists of three components from the company and Kumiai Chemical, including imazosulfuron, fenquinotrione and pyriminobac-methyl. The single-shot rice herbicide is weed resistant, support various forms of spraying applications and is useful for direct sowing of rice seeds and transplants.
This new herbicide provides additional choices for commercial farmers in Japan to address the various needs with a three-in-one formulation that provides convenience and efficacy for keeping weeds at bay. While Sumitomo Chemical only registered Maslao in December 2018, the company was ready for a swift launch. As a long-standing leader in the Japanese agrochemical industry, Sumitomo Chemical continues to innovate with new products. This commitment to innovation helps the company stand out as an attractive investment to agrochemical industry investors. With its capabilities, the launch of Maslao is important for agrochemical companies to watch as Sumitomo Chemical continues to enhance its positioning as an innovative and competitive force in the agrochemical industry.
Vietnam Puts a Stop to Importation of Glyphosate Herbicides
Vietnam’s government made an official ban of all glyphosate herbicides scheduled to take effect June 2019. Health concerns about how safe glyphosate is for human use helped drive the Vietnam government’s decision on the ban. This ban follows after a recent California jury awarded $80 million in damages to Edwin Hardeman for the glyphosate-based herbicide RoundUp’s role in causing his cancer.
A ban on herbicidal imports can adversely impact the profits of agrochemical companies that import their products to Vietnam. U.S. officials, various agrochemical companies and members of the agrochemical industry have criticized this recent regulation, noting how scientific studies presented to the Vietnam government highlights glyphosate’s unlikelihood to cause cancer in humans.