Suits mount against Syngenta after China rejects GM corn shipments

Chicago-based grain processor Archer Daniels Midland (ADMN.NYSE) has filed suit against Syngenta AG (SYT.NYSE) over losses the company says it suffered resulting from a push by the latter to sell genetically engineered corn in the US without first getting Chinese regulators’ approval, The Wall Street Journal reported, citing court documents. The suit joins a host of others by American farmers blaming the Swiss agribusiness for a sharp decline in US corn exports to China this year. The farmer lawsuits estimate more than US$1 billion in losses for US crop producers due to China’s refusal to buy US corn after the first cargos were rejected late last year.