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ADM Sues Syngenta after GMO corn shipments rejected by China

Nov. 19, 2014 4:56 PM ETArcher-Daniels-Midland Company (ADM) StockADM, SYT-OLDBy: Carl Surran, SA News Editor
  • Archer Daniels Midland (NYSE:ADM) is suing Syngenta (NYSE:SYT) over rejections by China of a genetically modified corn variety not approved for import in the country.
  • The lawsuit alleges that SYT commercialized the Agrisure Viptera corn variety without enacting "reasonable stewardship practices" to ensure the grain would not be shipped to markets that had not approved it.
  • Grain exporter Cargill also has sued SYT over claims it illegally marketed its Agrisure Viptera corn seed before getting import approval from China.

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