Breaking News
0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

Mexican court strikes down Bayer's legal challenge over glyphosate ban

Stock MarketsMay 07, 2021 08:50PM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters. FILE PHOTO: The logo of Bayer AG is pictured at the facade of the historic headquarters of the German pharmaceutical and chemical maker in Leverkusen, Germany, April 27, 2020. REUTERS/Wolfgang Rattay

MEXICO CITY (Reuters) - A Mexican court has reversed a temporary reprieve German firm Bayer (OTC:BAYRY) received in its legal challenge to a government plan to prohibit glyphosate, Mexico's environment ministry said on Friday.

Mexico's plan to phase out weed-killer glyphosate amid concerns the pesticide causes cancer has seen it clash with Bayer and the U.S. government, which is opposing the ban.

Bayer, the German pharmaceutical and crop science company that acquired Monsanto (NYSE:MON) in 2018, is one of the world's leading makers of glyphosate as part of its Roundup brand weed-killer.

Last month, a Mexican court gave Bayer a temporary relief from a looming ban on the widely used herbicide.

Mexico's Ministry of Environment and Natural Resources on Friday in a statement said the Collegiate Court, in a decision dated May 3, had "revoked" the provisional suspension.

Bayer did not immediately respond to a request for comment.

Mexican President Andres Manuel Lopez Obrador issued a decree late last year that seeks to ban the herbicide completely by 2024, joining several other governments that have sought to restrict its use, including Germany. He has described the chemical as toxic.

Bayer has defended the safety record of glyphosate.

Mexican court strikes down Bayer's legal challenge over glyphosate ban
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Comments (1)
Stephen Short
Stephen Short May 08, 2021 12:12AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Who can say glyphosate is safe with a straight face? Of course, it is toxic.
igor bogdanoff
igor bogdanoff May 08, 2021 12:12AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Safety doesn't matter when American GDP is on the line.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
or
Sign up with Email