Open letter opposing agri-chemical and seed giants mergers
More than 200 organisations have today raised their objections to the planned mergers of six giant agriculture corporations.
The farmer, farmworker, beekeeper, religious, international development, and environmental groups claim that the three resulting companies will concentrate market power and "exacerbate the problems caused by industrial farming – with negative consequences for the public, farmers and farm workers, consumers, the environment, and food security" in an open letter to the European Commission and Competition Commissioner Margrethe Vestager.
The European and national organisations – together representing millions of members – state in their joint letter that the proposed mergers of Dow Chemical with DuPont, Monsanto with Bayer AG, and Syngenta with ChemChina will lead to an unacceptable monopoly, with three companies controlling around 70% of the world's agro-chemicals and more than 60% of commercial seeds.
The mergers would be bad for farmers, consumers, the environment, the right to food sovereignty and will harm communities in the Global South and the right to food. Sustain has signed the letter.
For further details see http://www.foeeurope.org/opposition-rises-planned-agriculture-mega-mergers-270317
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