Trading giant Cargill sues Syngenta over lost profits due to unapproved GM corn


(NaturalNews) Cargill is a vast USA-based agribusiness with a multinational empire that dominates the food industry in exporting grains, producing food additives and providing processed food products to McDonalds.

Cargill is in the food-trading business purely for control and profit, and they are pro-GMO, of course. Nutritional quality is of no concern. But they don’t like it when their export sales are spoiled by a GMO company’s effort to insert their corn product into a large shipment exported by Cargill to China, a nation that hasn’t approved it.

The corn was from Syngenta’s Agrisure Viptera (MIR162) seed, which was approved for cultivation in the United States in 2010. But the Chinese government had not approved this genetic strain. Earlier, China had declared GMOs safe and acceptable and became the target of GMO producers and grain traders, especially Cargill.

But the mood in China has been changing since then. In August of 2014, China’s Ministry of Agriculture refused to renew certificates that allowed Chinese research groups to grow genetically modified rice and corn. China also refuses to import foods with genetic modifications not approved by the government.

Cargill says that, since November 2013, China’s Ministry of Agriculture has refused more than 1.4 million metric tons of corn after finding traces of Viptera on corn-carrying ships. Cargill has filed a $90 million suit for damages from the rejections.

It doesn’t seem like much among multi-billion-dollar multinationals and their billionaire owners. But that’s only because the shipments rejected by China were diverted by Cargill to other ports where they were accepted. Observers feel that Cargill is imposing a punishment on Switzerland-based Syngenta for poor business conduct, basically being sneaky with their products.

Mark Stonacek, president of Cargill’s grain and oilseed supply chain in North America, announced:

“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. 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.”

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