Syngenta says 'sold out' of GMO corn trait banned by China
Syngenta also is waiting for the European Union to approve Duracade for import. The company won import approval from Mexico and South Korea in September and from Japan in August. It also has import approval from Australia, New Zealand and Taiwan.
Viptera received U.S. approval in 2010 and has been awaiting approval from China for more than two years. The European Union approved Viptera for import in 2012.
"It doesn't actually achieve anything to suspend Viptera sales given that we've got a history now of many years of sales in the U.S., and of course a number of years of successful shipments to China," Pisk said on the call.
Foreign approvals are important because the United States is expected to export 1.45 billion bushels of corn in the marketing year that ends Aug. 31, accounting for 10 percent of the last harvest.
Meeting With Growers
Syngenta has been discussing the launch of Duracade with the National Corn Growers Association (NGFA) to "try to find a way to introduce this into the commercial stream that does not provide a tremendous amount of risk," said Nathan Fields, the association's director of biotechnology and economic analysis.
An NGFA committee that deals with trade policy and biotechnology met with representatives of Syngenta and other major seed-technology companies this week in part to discuss how Syngenta was proceeding with Duracade, Fields said.
"There's a way that you can do some sort of a soft launch or a limited launch," he said.
The participants also discussed different "levels of stewardship" from seed-technology companies, including how much follow-up work they will commit to with growers who buy their products, Fields said.
A spokesman for Syngenta did not comment on the meeting.
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