LONDON (Reuters) -Germany's Bayer said it has decided to continue supplying Russia with essential agricultural inputs, reversing course from comments made in March that supplies for 2023 would be contingent on Russia stopping its attacks on Ukraine. Bayer in March stopped all spending in Russia and Belarus not related to essential products and threatened to withhold essential supplies like seeds and pesticides if Moscow continued its "unprovoked attacks" on Ukraine. Its about-turn on Monday comes in the wake of a deal signed by Russia, Ukraine, the United Nations and Turkey on July 22 to allow grains exports through three Ukrainian Black Sea ports previously blocked by Russia's Black Sea fleet.
Agricultural seeds and chemicals maker Bayer AG on Monday launched a digital farming platform that it says will help U.S. growers enact environmentally friendly practices and connect them with companies seeking more sustainable food, feed and biofuel ingredients. The effort will help the seed and chemical giant diversify its revenue stream, capitalizing on a decade-long farm data collection effort. Bayer's ForGround platform will tap weather, soil, seed and farming practice data to make recommendations about how growers can boost soil health, cut emissions and reduce water use and chemical applications.
BERLIN (Reuters) -Bayer on Friday welcomed a decision by an arbitration court to dismiss a claim by BASF that it overpaid for assets sold by Bayer to secure antitrust clearance for the takeover of Monsanto. BASF said it was disappointed that the arbitral tribunal did not follow its arguments.