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Commission fails to protect from agribusiness mergers from hell

Commenting on the announcement today by the European Commission to provisionally approve the acquisition by German chemical company BASF of parts of Bayer’s Crop Science business, clearing the way for the Bayer-Monsanto merger, Adrian Bebb, Senior Food Campaigner for Friends of the Earth Europe said:

“The European Commission has completely failed to prevent the corporate dominance of agriculture by a small number of agribusiness companies. With this recent round of mega-mergers there are now fewer companies controlling our agriculture which is bad news for farmers and consumers and creates an even bigger lobby towards more intensive and nature-destroying industrial farming.”

In 2015 the six largest agrochemical companies represented around 75% of global agrochemical sales, and around 65% of the global market share for seeds. [2] Following the mergers of Dow-Dupont, ChemChina-Syngenta and Bayer-Monsanto (if approved globally) only four mega companies will control the majority of agrochemicals and seeds.

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30/04/18

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