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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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 […]

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India set to cut Monsanto’s genetically modified cotton seed royalties by over 20 percent

India is likely to cut royalties paid by domestic companies to multinational biotech company Monsanto for its genetically modified (GM) cotton seeds again, by 20.4 per cent, according to industry and government sources. The move is being seen to compensate Indian seed makers, as the government also plans to cut prices of GM cotton seeds […]

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Daily Masala

Here is what others are talking about this morning: Oil edges up as Saudi discusses oil supply cut extension Gold retreats from 1-year high as dollar gains ground Asia stocks rise, dollar rebounds as Irma weakens China invests $9.1 billion in Rosneft as Glencore, Qatar cut stakes ONGC’s gas production plan from KG basin may […]

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Monsanto in India faces fresh salvo over patents

Arch-rivals, NSAI (National Seeds Association of India), a group of domestic seed companies have accused the global agri-tech company Monsanto of continuing falsely represent before various regulatory authorities that they have patent rights on seeds and plant varieties. ‘’It is very evident that Monsanto has been aware that it does not have any legal rights […]

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Bt cotton in India: A Bollywood potboiler with no end in sight yet

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Dear readers, this is the first in a series of articles looking at issues around genetically-modified crops in India and the entire Bt cotton debate.  By Rajiv Theodore The Bt cotton saga in India has all the ingredients of a Bollywood potboiler. Although, no scientific evidence of any negative fallout of using GM aided Bt […]

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

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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 […]

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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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