18
Sep
Cargill Sues Syngenta after China Forbids the Sale of Its GE Corn
(Beyond Pesticides, September 18, 2014) After a reported $90 million loss from rejected shipments of genetically engineered (GE) corn seeds that are not approved in China, the U.S. grain company Cargill Inc. sued the biotech giant Syngenta AG. According to Cargill, since mid-November 2013, China has rejected imports of U.S. corn due to the presence of Syngenta’s MIR 162 trait because of its lack of approval for import, virtually halting U.S. corn trade with China.  The lawsuit, filed Friday in Louisiana, will ultimately decide whether responsibility for the marketplace risks and economic damage of introducing GE crops in international trade should be placed on the seed companies that develop unapproved GE traits, or the merchants who sell contaminated grain. “Unlike other seed companies, Syngenta has not practiced responsible stewardship by broadly commercializing a new product before receiving approval from a key export market like China,†said Mark Stonacek, president of Cargill Grain & Oilseed Supply Chain North America.  “Syngenta also put the ability of U.S. agriculture to serve global markets at risk, costing both Cargill and the entire U.S. agricultural industry significant damages.†Syngenta’s corn seed in question, Agrisure Viptera corn, also known as MIR 162, was deregulated by USDA […]
