Indian government cuts Bt cotton seed price by Rs 10 to Rs 730 per packet; royalty to Monsanto cut by half

The Centre has marginally lowered the maximum sale price of Bt cotton seeds (BG-II) by reducing the royalty fee payable by domestic seed firms to developers of this genetically modified variety. Under the new price, notified by the agriculture ministry , the farmers will have to pay maximum Rs 730 per packet of 450 gm […]

Read more

Competition Commission of India approves $66 billion Bayer-Monsanto merger, but with caveats

The Competition Commission of India (CCI) has approved the mega merger of Bayer AG with with Monsanto, but with a horde of riders. CCI’s approval of the $66 billion deal, proposed in September 2016, will make the merged entity the world’s largest seed and pesticide player. But for that to happen, Monsanto Holdings Pvt Ltd will have to sell […]

Read more

Bayer and Monsanto say to create a global leader for next generation of farming

Bayer_Cross_1.jpg

Germany’s Bayer and American Monsanto said that they signed a definitive merger agreement under which Bayer will acquire Monsanto for $128 per share in an all-cash transaction, amounting to a total of $66 billion including debt. Monsanto’s Board of Directors, Bayer’s Board of Management and Bayer’s Supervisory Board have unanimously approved the agreement. Based on […]

Read more

Seed companies join hands to challenge India’s regulatory drawbacks

cotton.jpg

A clutch of global and domestic seed companies will now jointly challenge India’s price control regulations and licensing guidelines on transgenic technology after multinational giant Monsanto said it was calling off its plans to launch the next generation of genetically modified cotton seeds. Stating that the proposed regulatory mechanism would not only harm the industry […]

Read more

Daily Masala

Here is what others are talking about this morning: Global shares, pound rally as Brexit concerns soften; oil soars North America leaders mount strong defense of trade despite threats Monsanto in talks with Bayer, others about ‘strategic options’ Gold slips as Brexit shock fades Consumer spending in India to get a leg-up with 7th Pay […]

Read more

A potential Bayer-Monsanto combination makes sense: Fitch

A potential combination of chemical companies Bayer AG and Monsanto Company makes strategic sense given their complementary strengths, according to Fitch Ratings. However, Monsanto has a viable go-it-alone strategy to drive growth and Bayer is a larger, more diversified company whose growth is not solely dependent on agricultural drivers. Monsanto said it had received an […]

Read more