US sugar and corn syrup producers settle suit against each other

21 Nov 2015 | Author: | No comments yet »

Big Sugar and Big Corn settle differences in $1.5 billion U.S. secret deal.

The sugar and corn industries ended their billion-dollar battle over sweeteners on Friday in a secret out-of-court settlement. Both sides announced the deal that puts an end to a trial that began nearly three weeks ago in Los Angeles federal court pitting sugar against high fructose corn syrup.

U.S. sugar companies reached a settlement with their rivals, the makers of high-fructose corn syrup, in the middle of a high-stakes trial over what exactly constitutes a “natural” sweetener. The false-advertising fight involves two sweeteners that have each been blamed for contributing to a host of ailments, including diabetes, obesity and tooth decay. The lawsuit pitted corn syrup makers Archer-Daniels Midland Co. and Cargill Inc. against sugar producers including American Sugar Refining Inc., which calls itself the world’s largest vertically integrated cane-sugar refiner and whose nostalgia-inducing labels include C&H and Domino.

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