Syngenta's CFO claims to be no legal action for glyphosate

ZURICH (Reuters) – Chinese chemical manufacturer Syngenta has not been cited in a dispute over glyphosate, a weed-killing ingredient, that hit German rival Bayer (BAYGn.DEMark Patrick, chief financial officer of the Swiss-based company, said Friday.

"To date, Syngenta has not been named in any of the glyphosate lawsuits," Patrick said in a conference call after Syngenta announced the first half results: sales dropped 7 percent to 6.8 percent. billion, while net income dropped 34% to $ 798 million partly due to bad weather and global trade disputes.

Syngenta sells glyphosate products in Latin America. While he sells blends with glyphosate in the United States, Patrick said that he does not sell glyphosate by himself to the United States.

"The situation that Bayer faces in the current litigation is not, in our view, in the best interest of farmers around the world," added Patrick. "It is one of the most tested compounds, if not the most tested on the planet … We hope that common sense will prevail."

Bayer AG praised the conditional decision of a US judge to call for a $ 2 billion reduction in damages to a couple by a jury that concluded that his Roundup glyphosate product had caused their cancer.