Yesterday we hear news of the merger between Monsanto and Bayer.
German drug and crop chemical maker Bayer offered more than $66 billion to buy up US seeds company Monsanto, and the offer was accepted.
This bring a multinational corporation near the monopoly of chemicals and other essential products in agriculture and food production.
We can only can hope that the European Union regulators and the US Department of Justice will study this deal very closely.
If we add the recent merger between ChemChina-Syngenta (ChemChina bought Syngenta for $43 billion) and DuPont-Dow Chemical forming their own multibillion-dollar Voltrons, the world can have a big risk that between these to giants they will dictate the operational costs of the farmers and food.
Taking into consideration that since the middle of the 1990s four of the largest seed companies dominated over 20% of the market and that the majority of those companies were purchased by DuPont, Monsanto, Bayer and Down, these mergers can have a very serious implications with the world seed stock and control, especially when the companies are involved in genetic modification.
Between these to big giants they will control about 60% of the seeds, as well as own over 50% of the world’s pesticides.
What do you think?
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