Bayer is reporting a third quarter loss of $3.2 billion. That’s down from profits of $1.2 billion one year ago. Sales were down 14 percent, which was influenced largely by what was happening in the Cropscience division in North America. When corn acreage declined, Bayer faced a huge number of product returns. Coronavirus, currency challenges and the ongoing litigation over the use of glyphosate share the blame for the losses in Bayer’s agricultural business.
News Categories
Latest RRFN Podcasts
Subscribe to RRFN
Get a weekly digest from RRFN to stay up-to-date on all the latest news in agriculture.