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U.S. agribusiness giant Cargill Inc. mentioned Thursday that it will not take Syngenta AG's (SYT) genetically modified Agrisure Viptera corn at its North American damp milling plants till the corn variety is accepted by the European Union, Reuters noted. Another major grain handler, St. Louis-based Bunge Ltd. (BG), has previously barred Agrisure Viptera from its services, awaiting further export market place approval, especially from China. A unit of Switzerland's Syngenta sued Bunge on Aug. 22 above the refusal. "Cargill clearly values its right to take or limit goods of agricultural biotechnology, dependent on the approval standing in export markets and demands of our consumers," Reuters cited a Cargill spokeswoman as saying. "Steady with our extended-standing damp milling place, Cargill can not acknowledge Viptera at these amenities until eventually it has received regulatory approvals in the EU." Thursday, Cargill spokesman Mark Klein told Dow Jones Newswires: "At this position, we have posted signs at our grain elevators stating that the Viptera trait is not accepted in all major export markets and that our grain elevators can't accept this item unless notified in producing prior to delivery, to allow Cargill the time and overall flexibility to attempt to uncover suitable markets." Viptera, which has been bioengineered to shield against insect damage, symbolizes a lot less than 2% of the U.S. corn crop, Syngenta stated. It has been accepted for shipment to several significant corn export markets. Syngenta stated it has been in make contact with with U.S. ethanol plants to identify "suitable outlets" for Viptera corn. Complete story at http://http://bit.ly/psjfGx -Dow Jones Newswires 212-416-2900 Copyright © 2011 Dow Jones Newswires

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