Golden Valley, Minnesota
April 23, 2004
Syngenta Seeds
announced its NK(R) Brand YieldGard(R) (Bt11 event) hybrids
received regulatory approval for import as food and feed by
China on April 6. The final safety certificate granted by China
complies with revised import regulations that recently went into
effect. The decision keeps another export market open for
biotechnology-enhanced Bt corn products raised by North American
corn growers.
"An important
part of our commitment to growers is continuing to invest in
securing approvals necessary to keep markets, like China, open
for future trade," said Jack Bernens, NK Brand marketing vice
president, Syngenta Seeds.
"With corn
stocks down an estimated 60 percent in China, the U.S.
Department of Agriculture believes the country will make the
shift from being a major corn exporter to an importer, providing
a significant market opportunity for North American corn
growers."
China joins a
list of twelve countries, as well as the European Union, that
recognize the biosafety of NK Brand YieldGard corn hybrids.
Korea has also recently approved NK Brand YieldGard corn hybrids
for import. NK Brand YieldGard products have been approved for
feed and food use by the United States, Canada and Japan since
1997, and in the European Union since 1998.
These
regulatory approvals are important in affirming the safety of
Syngenta Bt corn products and in protecting vital trade markets
for producers.
"In today's
competitive marketplace, growers require genetic and trait
options that expand profit margins and market opportunities,"
Bernens remarked. "Acceptance by these countries not only sets
an important precedent, but is also increasingly important with
Bt corn planted on an estimated 25* percent of the U.S. corn
acres."
NK Brand
YieldGard hybrids provide control of European corn borer, a pest
that costs corn growers an estimated $1-$2 billion annually.
NK Brand
YieldGard hybrids include LibertyLink(R) herbicide-tolerant
technology, giving growers a weed-control option that can help
prevent the development of weed-resistance issues. Adding
Cruiser Extreme(R) Pak CRW seed treatment insecticide provides
protection from up to 14 pests, including corn rootworm and many
secondary insects, as well as seed- and soil-borne diseases.
"Bottom line,
we want to help farmers improve their profit with a successful
crop that can be marketed anywhere," Bernens added. "Research
over the past nine years shows that using an NK Brand Bt corn
hybrid provides an average 7.7 bushel per acre yield advantage.
With our broad portfolio of
insect-protected hybrids, farmers can choose the genetics that
fit their farm, then add the appropriate insect, weed and
disease options for a competitive edge in the global
marketplace."
Syngenta
(NYSE: SYT) is a world-leading agribusiness committed to
sustainable agriculture through innovative research and
technology. The company is a leader in crop protection, and
ranks third in the high-value commercial seeds market. Sales in
2003 were approximately U.S. $6.6 billion. Syngenta employs more
than 19,000 people in over 90 countries. Syngenta is listed on
the Swiss stock exchange (SYNN) and in New York (SYT).
NK(R), Cruiser Extreme(R) and the Syngenta logo
are trademarks of a Syngenta Group Company.
YieldGard(R) is a registered trademark of Monsanto Technology
LLC.
LibertyLink(R) is a registered trademark of Bayer CropScience.
*According to the National Corn Grower's Association World of
Corn 2004. |