Chicago | Reuters — U.S. grain merchant Archer Daniels Midland has settled a lawsuit with Syngenta over the seed company’s launch of a biotech corn strain that roiled grain exports to China, according to regulatory documents filed on Friday. ADM sued Syngenta four years ago for selling the corn variety known as Agrisure Viptera or […] Read more
Tag Archives syngenta — page 6
ADM, Syngenta settle suit over biotech corn exports
ADM, Cargill still pursue Syngenta over corn rejections
Chicago | Reuters — Syngenta moved closer to putting a troubled biotech corn seed launch behind it with a US$1.5 billion settlement with farmers this week, but grain traders who filed two remaining lawsuits may be less ready to compromise, legal experts said. The company was sued three years ago by the farmers and traders […] Read more
Syngenta agrees to settle GMO corn litigation
Reuters — Syngenta has agreed to pay close to US$1.5 billion to resolve lawsuits stemming from its decision to commercialize a genetically modified strain of corn before China approved importing it, a person familiar with the matter said on Tuesday. The Swiss company confirmed that it has reached a settlement, without confirming the financial terms. […] Read more
China approves two more GMO crops for import
Beijing | Reuters — China has approved two more genetically modified (GMO) crops for import, the Ministry of Agriculture said, the second such move in the past month to expand access to biotech seeds as part of Beijing’s 100-day trade talks with Washington. The two new crops, approved from July 16 for a period of […] Read more
Field studies fuel dispute over whether neonics harm bees
London | Reuters — Two major studies into how bees are affected by a group of pesticides banned in Europe gave mixed results on Thursday, fuelling a row over whether the neonicotinoid pesticides are safe. The studies, one conducted across three European countries and another in Canada, found some negative effects after exposure to neonicotinoids […] Read more
Bayer files for Monsanto takeover approval with EU regulators
Frankfurt | Reuters — Bayer has filed a request for approval of its planned US$66 billion takeover of U.S. seeds company Monsanto with European Union regulators, as suitors line up for assets that Bayer will sell to get the approval by year-end. Bayer, which is bracing for the EU Commission to go into an in-depth […] Read more
BASF ready to snatch seed bargains as rivals sell assets
Ludwigshafen, Germany | Reuters — BASF will consider buying seed assets that rivals are putting on the block to win antitrust approval for tie-ups, saying bargain prices could persuade BASF to overcome its traditional reluctance to expand into the seeds industry. Sources familiar with BASF’s thinking have said that competition regulators looking at potential buyers […] Read more
Syngenta eyes Bayer assets to bolster seed operations
Basel | Reuters — Switzerland’s Syngenta, the crop protection company acquired by ChemChina, has vowed to bulk up its seeds business and join the chase for assets rival Bayer must sell to gain regulatory approval for its takeover of Monsanto. Syngenta, a distant third in the global seeds market behind Monsanto and Dupont, is determined […] Read more
Syngenta ordered to pay Kansas farmers in GM corn case
Reuters — A U.S. jury on Friday ordered Syngenta to pay US$217.7 million to more than 7,000 Kansas farmers over its decision to commercialize a genetically modified strain of corn before China approved importing it. The verdict by a federal jury in Kansas City, Kansas, was announced by lawyers for the farmers, who blamed the […] Read more
Syngenta exits canola seed business
Canola growers checking out Syngenta Canada’s 2018 seed guide for Western Canada will notice canola by its absence. Syngenta, which entered the Prairie canola seed market in 2013 and by this spring had six hybrid varieties on offer, said in a statement it has “recently taken the decision to exit the canola seed business.” The […] Read more
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