print view |  email to friend

eNews from Monday, February 9, 2015

Cargill Started to Sell GMO Syngenta Corn Seed Again

EMBIN (Emerging Markets Businss Infornation News) -- WAYZATA, MN -- February 9, 2015 -- Cargill, one of the top U.S. grain exporters, began selling seed containing the Agrisure Viptera trait last month and scrapped a policy that required farmers to give the company prior notice of deliveries that may contain Viptera corn, spokesman Mark Klein said.

China in November 2013 began rejecting boatloads of U.S. crops containing Viptera corn, spurring Cargill, Archer Daniels Midland Co and dozens of farmers to sue Syngenta for damages. David MacLennan, Cargill's chief executive officer, last week said the rejections caused the company a lot of financial damage. In April 2014, the National Grain and Feed Association estimated that rejections of shipments containing MIR 162 corn cost the U.S. agriculture industry at least $1 billion. Syngenta has said lawsuits over Viptera corn are baseless. Cargill had previously required farmers to provide notice of deliveries of Viptera corn in an attempt to prevent accidental shipment of crops containing the trait, also known as MIR 162, to unapproved markets. The company's revised policies on Viptera corn are in line with its practice to accept traits that have approvals in all key U.S. export markets, Cargill said in a notice to customers. The commodities trader still refuses to accept another variety of GMO corn developed by Syngenta, called Duracade, because China has not approved it for import. Cargill's acceptance of Viptera corn without prior warnings does not mean U.S. grain handling is back to normal after last year's trade disruptions, said James Pizzirusso, a partner with law firm Hausfeld LLP, which coordinated some farmers' lawsuits against Syngenta. Domestic grain is still backed up from the significant time that China would not accept our corn, he said. Viptera and Duracade corn are both approved for planting in the United States. The lawsuits against Syngenta have been consolidated in Syngenta AG MIR162 Corn Litigation, U.S. District Court, District of Kansas, No 14-md-02591.

(c) 2015 EMBIN (Emerging Markets Business Information News) Provided by SyndiGate Media Inc. (Syndigate.info). 

Copyright notice
This is a news service of NewsEdge Corporation ©2015. This content is for your personal use only, subject to Terms and Conditions. No redistribution allowed

Editor's Picks from Recent eNews

Study: Warming Pushes Western US Toward Driest Period in 1,000 Years

Grain Stocks in Ukraine Up 14% Year on Year in January

Breaking Through the Wheat Yield Barrier

Cargill One of 30 Ag Groups Calling for Opening of Trade with Cuba

Cargill Started to Sell GMO Syngenta Corn Seed Again

Features

Women in Agribusiness Study: The Changing Demographics and Experience of Women in Agribusiness

Based on surveys of more than 180 companies and 400 diverse women from across the agri-food sector, the Women in Agribusiness Study will help your company maximize female talent and ultimately develop a more effective and successful team.

Read more.

Sponsored Links

Live Commodity Prices on Soyatech.com

Soya & Oilseed Bluebook  |   Soy & Oilseed Facts  |   About Soyatech  |   Privacy Policy  |   Legal Notices  |   Contact Soyatech
Copyright © 2000-2017 Soyatech, LLC. • P.O. Box 1307 • Southwest Harbor, ME 04679 • USA