The Era of Corporate Consolidation and the End of Competition
- Author(s): Elsheikh, Elsadig
- Ayazi, Hossein
- et al.
In the past two years, three major corporate mergers have begun to reshape what was an already concentrated international market for agricultural chemicals, seeds, and fertilizers. If the mergers gain approval from their relevant regulatory agencies, these six multinational corporations would fold into three (Dow-DuPont, Bayer-Monsanto, and ChemChina-Syngenta), and have a profound impact on the future of global agriculture. The mergers would drastically reduce competition in the areas of crop protection, seeds, and petrochemicals; further consolidate the agrochemical market; reduce procompetitive research and development (R&D) collaborations; and, most urgently, pose a critical danger to ecosystem sustainability and exacerbate the global climate crisis.