Agriculture ministry set to control cotton seed prices....

Following news is relevant and important to the share holders of seed companies ,hence re-posting it here .

HYDERABAD: In what could prove a major setback to the global hybrid seed giant Monsanto, India's agriculture ministry has decided to control the prices of cotton seed, including the genetically modified versions and their trait value.

The Ministry of Agriculture, Cooperation and Farmers Welfare on 7 December has firmed up the Cotton Seeds Price (Control) Order 2015, terming it as aimed at ensuring availability of cotton seeds to farmers at "fair, reasonable and affordable prices".

The move of the ministry comes in response to a series of representations made by the domestic hybrid seed manufacturers, who sought the government's intervention to rein in the American seed giant MonsantoBSE 1.09 % on trait value of Bt cotton seed. A Mahyco Monsanto Biotech (India) spokesperson said the company just received a copy of the order and was in the process of reviewing. "We will be in a position to comment only after we understand the order in its entirety," said the spokesperson.  ..

"As a leading player in India's agriculture sector, Monsanto remains confident that the government will take into account views of all stakeholders and will continue to encourage innovation in Indian agriculture." The local seed makers moved the agriculture ministry after the American hybrid seed giant Mahyco Monsanto Biotech (MMB) refused to bring down the royalty payments and return the excess royalties they paid from 2010.

The Indian hybrid seed producers appealed to Monsanto to reduce trait values weeks after certain state government began fixing caps both on royalty amounts the seed makers pay to obtain seed technologies and on selling prices of hybrid cotton seed to farmers. 

This decision may negatively impact the business prospects of previously suggested companies - Kaveri Seed Company  and  Nath Biogene - from this sector.

HYDERABAD: In what could prove a major setback to the global hybrid seed giant Monsanto, India's agriculture ministry has decided to control the prices of cotton seed, including the genetically modified versions and their trait value.

The Ministry of Agriculture, Cooperation and Farmers Welfare on 7 December has firmed up the Cotton Seeds Price (Control) Order 2015, terming it as aimed at ensuring availability of cotton seeds to farmers at "fair, reasonable and affordable prices".

Read more at:
http://ift.tt/21YVWQE

HYDERABAD: In what could prove a major setback to the global hybrid seed giant Monsanto, India's agriculture ministry has decided to control the prices of cotton seed, including the genetically modified versions and their trait value.

The Ministry of Agriculture, Cooperation and Farmers Welfare on 7 December has firmed up the Cotton Seeds Price (Control) Order 2015, terming it as aimed at ensuring availability of cotton seeds to farmers at "fair, reasonable and affordable prices".

Read more at:
http://ift.tt/21YVWQE

Posted in: Investment Guru