Syngenta to Defend Insecticide as Europe Review Shows Bee Risk - Bloomberg
Syngenta to Defend Insecticide as Europe Review Shows Bee Risk
By Patrick Winters - Jan 16, 2013 9:12 AM PT
Syngenta AG (SYNN), the world’s largest agrochemical company, will defend the use of its Cruiser insecticide after a review by the European Food Safety Authority concluded the product’s active ingredient is a risk to bees.
“We will deploy all means at our disposal to defend the use of this product,” Chief Operating Officer John Atkin said in an e-mailed statement, after the EFSA published a report on its website today.
The EFSA said it has identified a number of risks posed to bees by three neonicotinoid insecticides sold by Syngenta and Bayer AG. (BAYN) Bayer Cropscience said in a statement earlier today that it’s convinced neonicotinoids can be used safely. The EFSA’s finding is a blow to Basel, Switzerland-based Syngenta as it deals with increasingly costly regulatory compliance to get its crop sprays approved in Europe.