Syngenta is not ready to comment officially about settling lawsuits related to the marketing of Agrisure Viptera seed, which resulted in China rejecting U.S. corn shipments, but there is speculation that settlements might happen if China follows through with importing such corn in the near future. Yet law firms have announced they are expanding class-action lawsuits against Syngenta to include farmers in more states.
Uralkali, the world's largest potash producer, may have to write down up to $1 billion for damage to its Solikamsk-2 mine and loss of potash reserves, while output could fall next year if the mine has to close, the company said.
Industry sources and analysts said China's change of heart was down to a warmer political climate between Beijing and Washington since the Asia-Pacific Economic Cooperation (APEC) forum last month, where the two announced a joint plan to limit carbon emissions and made breakthroughs on eliminating duties on technology products.
The overall quality of the United States’ 2014 corn crop was good, with 88 percent of samples rating at grade No. 2 or better, according to the U.S. Grains Council’s (USGC) 2014/2015 Corn Harvest Quality Report.
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