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 […]

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Daily Masala

Here is what others are talking about this morning: Dollar, bond yields rise on enhanced Fed rate hike prospects Oil prices dip on doubts OPEC can coordinate output cut Gold steady on subdued stocks, set for second weekly gain China’s industrial profits boosted by steel, refining Tata Steel says European steel plans unchanged  Indian Oil […]

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Seed companies join hands to challenge India’s regulatory drawbacks

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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 […]

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