Brazil Approves Syngenta's (NYSE:SYT) Triple Stack Corn

Syngenta (NYSE:SYT) announced they've received approval from Brazil for the company's triple stack corn.

The National Biosafety Committee in Brazil told Syngenta they could now plant its triple stack corn: Bt11 x MIR162 x GA21 in the country.

The triple stack corn of Syngenta is a combination of tolerance to herbicides and resistance to insects, specifically the fall army worm, which is the main threat to corn grown in Brazil. It also offers resistance to other crops pests similar to the army worm.

Brazilian farmers will have Syngenta's triple stack corn available for the the 2011/2012 planting season.

Syngenta closed Thursday at $65.37, falling $0.70, or 1.06 percent.