Date: 12 October 2015
Author: Christina Sarich
While GM corn seed sales fall as well
Is this the beginning of the end for Monsanto? After reporting that the company is letting go of thousands of their workforce, the company is projecting not only weak sales of their GM corn, but also of one of their biggest, and now most controversial sellers – Roundup.
“Sales of corn seeds and traits, Monsanto’s key products, fell 5 percent to $598 million in the quarter. And sales at the company’s agricultural productivity unit, which includes Roundup herbicide, dropped 12 percent to $1.1 billion.”
Monsanto relies on its chemical herbicide sales for its shareholders, but since the World Health Organization’s IARC, and the state of California have announced that glyphosate, the main ingredient in Roundup, is probably carcinogenic, bans are cropping up all over the world
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