BASF to cease production of glufosinate-ammonium herbicide

BERLIN, Germany (Reuters) — BASF plans to shut down production of its glufosinate-ammonium herbicide due to growing competition as well as high energy and raw material costs.
The move will impact two production sites in Germany and 300 jobs at those facilities, which will be retained until the end of 2025 and then gradually reduced.
BASF said it faced growing competition from generic suppliers of glufosinate-ammonium and alternative technologies.
Nevertheless, glufosinate is to remain a “key component” of the company’s herbicide portfolio. In future, it intends to source the active ingredient from third-party suppliers.
BASF is also working on the development of next-generation glufosinate solutions, which should achieve the same effect with significantly lower quantities.
The company acquired the product from Bayer in 2017 as part of a larger deal to buy seed and herbicide businesses from the company for US$6.39 billion.
At the time, Bayer was trying to persuade competition authorities to approve its acquisition of Monsanto.

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