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Syngenta loses US$218m verdict in first GMO trial test

Published Sun, Jun 25, 2017 · 09:50 PM

Washington

SYNGENTA was ordered to pay US$217.7 million to a group of Kansas farmers who claimed the company carelessly marketed its genetically modified corn seed, causing contamination of US crops and a rejection of export sales to China by officials there.

A Kansas jury issued the verdict on Friday in the first trial brought by US farmers alleging Syngenta caused five years of depressed corn prices. Several other trials are pending as lawyers pursue suits on behalf of some 350,000 corn growers claiming as much as US$13 billion in losses.

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Syngenta loses US$218m verdict in first GMO trial test

Energy & Commodities

Oil settles higher on supply concerns in the Mid-East, economic woes subdue gains

Seatrium unit to fully redeem S$500 million worth of floating-rate bonds early

Anglo rejects BHP takeover bid as significantly undervalued

India rice prices at three-month low on shrinking demand

Gold prices set for weekly decline ahead of US inflation data

Pricey coffee is here to stay as hoarding, heat hit Vietnam supply

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