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U.S. groups ask Syngenta to hold back on GMO corn barred by China

Jan. 23, 2014 4:59 PM ETSyngenta AG (SYT-OLD) StockSYT-OLDBy: Carl Surran, SA News Editor
  • Two major U.S. grain groups are asking Syngenta (NYSE:SYT) to suspend commercial use in the U.S. of two genetically modified strains of corn not currently approved in China.
  • The request follows rejection of multiple cargoes of U.S. corn by Chinese authorities since November because they contained SYT's Agrisure Viptera GMO trait (MIR 162).
  • SYT's intended launch of its Duracade corn variety this year "risks repeating and extending the damage" caused by its shipments containing Viptera before China had granted regulatory approval, the groups say.

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