Bayer Seeking Glyphosate Import Duties

Farm groups are pushing back against Bayer's request for new duties on glyphosate imports from China, warning the move could raise costs for farmers already facing tight margins. Bayer, through its Monsanto subsidiary, has asked federal officials to impose antidumping and countervailing duties on Chinese glyphosate imports, arguing the products are being sold at artificially low prices that threaten the long-term viability of domestic production. Reuters said the request drew criticism from commodity organizations, including the National Corn Growers Association. "They are taking this step purely for the benefit of the company and its shareholders, once again at the expense of the American farmer," said Jed Bower, NCGGA President. The American Soybean Association also opposed the proposal, saying import taxes could reduce competition and increase input costs. Farm groups argue higher herbicide prices would add pressure to growers already dealing with weak commodity prices and elevated production expenses.

Source: NAFB