Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious OutperformanceFind Stocks Now

U.S. EPA reaffirms that glyphosate does not cause cancer

Published 30/01/2020, 20:34
Updated 30/01/2020, 20:37
U.S. EPA reaffirms that glyphosate does not cause cancer

By Tom Polansek

CHICAGO (Reuters) - The U.S. Environmental Protection Agency said on Thursday it finished a regulatory review that found glyphosate, the most widely used weed killer in the United States, is not a carcinogen.

The conclusion reaffirms the agency's stance on glyphosate, the key ingredient in Bayer AG's (DE:BAYGn) Roundup, despite judgements by U.S. juries that have found that use of the weedkiller was responsible for plaintiffs' cancer in some trials.

"EPA has concluded that there are no risks of concern to human health when glyphosate is used according to the label and that it is not a carcinogen," the agency said in a statement.

The EPA judgement could help bolster the case for Bayer as it faces thousands more lawsuits from Roundup users who allege it caused their cancer.

Bayer, which bought Roundup maker Monsanto (NYSE:MON) for $63 billion in 2018, welcomed the findings. The company has maintained glyphosate and Roundup are safe and not carcinogenic.

Farmers spray glyphosate on fields of soybeans and other crops. Roundup is also used on lawns, golf courses and elsewhere.

"Glyphosate-based herbicides are one of the most thoroughly studied products of their kind, which is a major reason why farmers around the world continue to rely on these products," said Liam Condon, Bayer's global president for crop science.

In 2015, the World Health Organization's cancer arm classified glyphosate as “probably carcinogenic to humans."

Bayer said last Friday it reached an agreement with plaintiffs' lawyers to postpone a Missouri jury trial over allegations Roundup causes cancer to provide time for negotiations to settle the litigation.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

Three consecutive juries previously found Bayer liable for causing cancer with damages of tens of millions of dollars awarded to each plaintiff. The company is appealing those verdicts.

"This administration's troubling allegiance to Bayer/Monsanto and the pesticide industry doesn't change the trove of peer-reviewed research by leading scientists finding troubling links between glyphosate and cancer," said Lori Ann Burd, director of environmental health for the Center for Biological Diversity.

Bayer is considering stopping sales of glyphosate to private users who apply it in their gardens as part of settlement talks with U.S. plaintiffs, German newspaper Handelsblatt reported.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.