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RPT-China approval may spur financial settlements for Syngenta -lawyers

2014-12-18 14:53:30| Chemicals - Topix.net

Chinese government approval for imports of a controversial type of Syngenta AG biotech corn increases the likelihood the seed maker will pay settlements to more than 100 U.S. farmers and exporters suing for damages from grain shipments rejected by Beijing, lawyers said. They said clearance by China's Ministry of Agriculture - announced Wednesday by U.S. Agriculture Secretary Tom Vilsack, who cited talks with Chinese Vice Premier Wang Yang - ends uncertainty about Agrisure Viptera corn's status and could give Syngenta new price references to calculate potential losses from the rejections.

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