Higher prices for herbicides boost Bayer profits in 2022

GERMAN chemicals giant Bayer said today it quadrupled its net profit in 2022, in part thanks to higher prices and strong demand for its glyphosate-based weedkillers.  

Net profit climbed to €4.15 billion euros (RM19.67 billion), up from 1 billion a year earlier, the Leverkusen-based group said in a statement.