Saturday, May 8, 2010

Syngenta (NYSE:SYT) Battling Monsanto (NYSE:MON) with Viptera Corn Seed

Syngenta AG (NYSE:SYT) is ready to increase its share of the corn seed market, when it directly attacks Monsanto (NYSE:MON) with its introduction of genetically modified Viptera corn seeds next year.

At this time Syngenta has an 8.5 percent share of the corn seed market in the United States, and they think this could move that percentage up significantly.

The corn seed is insect and weed killer resistant, and CEO Michael Mack claims the new corn seed has "the best trait in the marketplace for the control of those insects” which attack corn.

Regulators gave approval to Viptera in April.

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