Bayer shares in the red: EU states vote on new approval for glyphosate

Representatives of the EU states will vote this Friday afternoon on renewing the approval of the controversial weed killer glyphosate.

The EU Commission had suggested that glyphosate could be used in the EU until the end of 2033 – the active ingredient is still approved in the EU until mid-December.

In the so-called Standing Committee on Plants, Animals, Food and Feed (ScoPAFF), the EU Commission needs a qualified majority for its proposal. Otherwise, further negotiations must take place in an appeals committee.

A qualified majority requires the consent of at least 55 percent of the EU states, which also represent at least 65 percent of the EU population.

Bayer shares temporarily fell 0.27 percent to 44.14 euros in XETRA trading.

/mjm/DP/men

BRUSSELS (dpa-AFX)

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