Jun 08, 2017

First Syngenta Trial Over Trade With China Begins

Lawsuits claims the release of a corn variety in the United States, before China approved it, was reckless

东南密苏里州人和吉姆Suhr协会iated Press havereportedon the start of the first trial putting corn producers against Syngenta. The lawsuit alleges that Syngenta’s move to commercialize its Viptera brand, before it was approved by China, cost farmers billions of dollars in revenue through hurt relationships and a decrease in the commodity price. Syngenta will argue that it sold a legal product, approved by many trade partners and followed standard marketing practices.

The trial is taking place in Kansas City, KS, and involves four farmers who are representing 7,300 from across the state. The trial is being seen as a practice or template to see how the thousands of other cases will play out.

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Magazine

Marketwatch: Nov, 23

US Corn Price Idx:ZCPAUS.CM

open: 6.6653
high: 6.7003
low: 6.6298
close: 6.6366

US Soybean Price Idx:ZSPAUS.CM

open: 14.1268
high: 14.202
low: 14.0492
close: 14.066

US Hard Red Winter Wheat Price Idx:KEPAUS.CM

open: 8.8852
high: 8.9402
low: 8.7927
close: 8.8057

US Soft Red Winter Wheat Price Idx:ZWPAUS.CM

open: 7.3545
high: 7.3995
low: 7.2324
close: 7.2488