After four years of rejecting corn shipments that included Syngenta’s Viptera MIR 162 corn trait, China has approved the trait for import. Simmons Hanly Conroy Shareholder Paul Hanly weighed in on the approval in a news article published by Reuters. The article detailed how the approval could help U.S. farmers and exporters reach settlements with the company for damaging the U.S. corn market.
“Farmers claim China’s rejections have pressured corn prices and hurt their profits. They will monitor prices in the months after China approves MIR 162 to see how much the market recovers,” Paul said in the article.
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