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Stock impact report

Austria set to be first EU country to ban all uses of weedkiller glyphosate [Reuters]

BASF SE S/ADR (BASFY) 
NASDAQ:AMEX Investor Relations: basf.com/en/company/investor-relations.html
Company Research Source: Reuters
Austria set to be first EU country to ban all uses of weedkiller glyphosate - Reuters 3 Min Read VIENNA, July 2 (Reuters) - Austria was set on Tuesday to ban all uses of the weedkiller glyphosate, the first European Union country to take such drastic action against the chemical over concerns that it can cause cancer. Other EU countries have passed partial bans of glyphosate, developed by Bayer-owned Monsanto, although France has lowered its ambitions on a ban, highlighting its usefulness in agriculture. Austria has embraced organic farming more than other EU members. “The scientific evidence of the plant poison’s carcinogenic effect is increasing. That is why we are submitting a bill for a total ban of glyphosate,” the leader of Austria’s Social Democrats, Pamela Rendi-Wagner, said in a statement on Monday. The leader of the far-right Freedom Party, Norbert Hofer, said on Tuesday it would vote in favour of the bill. The two parties together have a majority of seats in the lower house Show less Read more
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