Cargill, Inc has filed suit against MIR 162 trait maker Syngenta Ag, alleging that Syngenta’s push to sell corn seeds with the modified trait known more popularly as Agrisure Viptera cost them millions.
Cargill filed the lawsuit in Louisiana State Court on Friday seeking damages. The suit alleges Syngenta acted with negligence, unfair trade practices, and knowning, willful misconduct. Cargill reasons that by selling the seeds to U.S. farmers before it had secured Chinese approval for imports of corn from that trait, Syngenta’s actions cost them, and the ag economy in general, millions of dollars. More specifically, they say Syngenta’s actions contributed to a 28% decline in its quarterly earnings.
Syngenta has responded by saying the lawsuit is without merit and that U.S. farmers badly need the new trait to fend off insects that have grown resistant to commonly used pesticides and that U.S. farmers shouldn’t have to rely on the Chinese government to determine which products they can use.
The Agrisure Viptera trait has been sold with approval in the U.S. since 2011 to producers in the U.S., Argentina, and Brazil with government approval. China did not start rejecting corn for containing the trait until November of 2013. Syngenta says the MIR 162 trait was submitted government approval in China back in 2010.Share