FMC Corp. (FMC) said that it plans to challenge the Environmental Protection Agency's decision to deny an administrative hearing on the agency's action to revoke all U.S. food tolerances for carbofuran insecticide.
The company and a group of U.S. crop commodity associations will take legal action in U.S. federal court. FMC believes strongly there is no question that carbofuran meets all safety standards.
The company said, "EPA itself admitted that there are no safety concerns with carbofuran residues in food, or in imported crops. EPA's only alleged concern is with drinking water, but the concerns are based on an incorrect assumption that 100 percent of crops are treated with carbofuran, when in most cases only 1 percent or less is treated."
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.