User: indiatogether Topic: Agriculture
Category: GM Crops
Last updated: Mar 29 2017 15:57 IST RSS 2.0
 
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How an Indian seeds company and Hindu nationalists became Monsanto's nightmare 29.3.2017 DNA: Popular News
Tens of millions of dollars were within reach for M. Prabhakara Rao as he prepared in April 2015 to take his Indian cotton seed company public. The Indian businessman already had $54 million (nearly Rs ​359.2 crore) in initial funding from an American private equity investor. Rao had also locked in a long-term licensing agreement with Monsanto Co , the world's largest seed company, for the technology used in genetically modified cotton seeds that made up the majority of his annual sales. Two months after publishing his initial public offering plan, Rao gambled. He sent one of his executives to negotiate a 10% cut in royalties with Monsanto. The multinational said no. The outcome of that meeting ignited a corporate battle that has left Rao's IPO plans in tatters and drawn in the Indian and US governments. More ominously, the fight has disrupted India's $1.8 billion-a-year (nearly Rs ​11,974.95 crore) seed industry, with Monsanto saying it may abandon the market. Monsanto's Indian joint venture last July ...
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RPT-SPECIAL REPORT-Monsanto meets its match as Hindu nationalists assert power in India 29.3.2017 Sify Finance
(Repeats story first published late Tues, March 28. No changes to text.)
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Wary of foreign influence, Hindu activists force Monsanto to quit India 29.3.2017 Business Standard: News Now
A little-known cotton seed company has taken on Monsanto, with the aid of a right-wing Hindu group
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Here is how Prabhakara Rao beat seed giant Monsanto through Hindu influence 29.3.2017 Business Standard: News Now
The fight led by M Prabhakara Rao against global seed giant Monsanto Co erupted in 2015
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Monsanto loses legal battle with Indian seed producer 28.3.2017 Sify Finance
NEW DELHI (Reuters) - Monsanto lost a legal battle with one of India's biggest seed producers over a contract dispute on Tuesday, and was ordered to restore a licensing agreement and cut royalty
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Monsanto meets its match in rising nationalist power centres, stares at uncertain India future 28.3.2017 ET: Agriculture
The dispute's fallout could have grave implications, according to experts. The whole fiasco could dissuade global seed or tech cos from investing in India.
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Monsanto meets its match as Hindu nationalists assert power in India 28.3.2017 Hindu: Business
Tens of millions of dollars were within reach for M. Prabhakara Rao as he prepared in April 2015 to take his Indian cotton seed company public.The Indian businessman already had $54 million in initia...
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Hindu nationalists, Nuziveedu Seeds feud may make Monsanto abandon India 28.3.2017 Features
The fight with Nuziveedu Seeds has disrupted the $1.8 billion-a-year seed industry
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Monsanto loses trademark infringement suit against Nuziveedu Seeds 28.3.2017 News
The Delhi High Court on Tuesday dismissed Monsanto Technology LLC's trademark infringement suit against Nuziveedu Seeds Limited, after concluding that the American biotechnological company's termination of a sub-licensing agreement with the Indian seed manufacturer was illegal and arbitrary.Rejecting the Monsanto's plea, Justice R K Gauba held that the sub-licensing agreement allowing Nuziveedu Seeds to use the company's genetically modified hybrid cotton seed technology still continued to be in force and binding on both parties. The decision now allows Nuziveedu to continue to use Monsanto's Bollgard and Bollgard II trademarks.In addition to reinstating the contract, the court said that future royalty payments for use of Monsanto's patented Bt cotton technology were to be made as per the cotton seed price control order issued by the central government. The 2015 price control order has reduced the cost of the seeds by 74 percent from Rs 163 per packet to Rs 43, exclusive of ...
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Nine years after ban, govt allows export of edible oil in bulk 28.3.2017 News
In an encouraging move, the government of India has allowed exports of select edible oils in bulk effective immediately.In a notification dated Monday, the Director General of Foreign Trade (DGFT) said, "Exports of groundnut oil, sesame oil, soybean oil and maize (corn) oil in bulk, irrespective of any pack size, has been exempted from the prohibition on export of edible oil." This means, nine year old ban on the exports of their exports was lifted from Monday. Until now, exports of select edible oils were allowed only in consumer pack of upto 5 kgs.The move is expected to allow better realisation for oil producers which improve their capability to pay higher prices for oilseeds. Ultimately, better realisation would help farmers bring in additional area resulting into proportionate decline in India's import dependence on edible oil. India meets around 60 per cent of its edible oil demand, to the tune of 24 million tonnes, through imports."It is a welcome move by the government as ...
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EU nations vote against GM crops, but not enough to block them 27.3.2017 DNA: Evolutions
A majority of EU countries voted on Monday against allowing two new genetically modified crops to be grown in Europe, batting the contentious decision on GM cultivation in Europe back to the EU executive, according to two sources.
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Min, experts spar over introduction of GM mustard 26.3.2017 TOI: Jaipur
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CCI seeks fresh application in Bayer-Monsanto deal 25.3.2017 Business Standard: Economy & Policy
The deal, announced in September 2016, would create the world's biggest seed and pesticide firm
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Competition watchdog seeks fresh application in Bayer-Monsanto deal 24.3.2017 HBL: Home
Bayer had announced a $66-billion takeover of Monsanto in September 2016
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Smart crops on the anvil 24.3.2017 HBL: Home
To keep abreast of the realities of climate change, a research collaboration is being planned on climate-smart crops, smart food and the digitalisation of a breeding database. Last week a new thre...
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Problems of plenty for soyabean 19.3.2017 HBL: Home
Global stocks are expected to rise by around 8 per cent in 2016-17
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GM crops could contribute to higher food output: ICAR chief 19.3.2017 TOI: Chandigarh Times
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Cotton acreage set to rebound in North India 17.3.2017 BusinessLine - Economy
Better prices, El Nino driving the surge
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U.K. grants doctors first licence to create 3-parent babies 16.3.2017 Hindu: News
Britain’s Parliament had voted last year to approve the IVF treatment, which involves removal of faulty mitochondria
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Bt cotton seed price unchanged for 2017-18 16.3.2017 Market News
The Centre has kept the prices of genetically modified (Bt) cotton seeds for 2017-18 unchanged at Rs 800 per 450g packet. The 'trait value' (fee charged by seed research companies from license holders) has also been retained at Rs 49, which includes all taxes.The Centre sets both rates. Bt cotton seed prices were first lowered last year by a constituted under the Cotton Seeds Price Control Order in December 2015. The panel had brought down the price to Rs 800 a packet from Rs 830-1,030 earlier; trait value was lowered about 70 per cent, from Rs 163 a packet.The move was followed by a draft guideline issued in May 2016 which capped the trait value at 10 per cent of the seed sale price and thereafter lowered it periodically. The move created much criticism from multinational seed companies. Monsanto, which had a joint venture in this rfegard with Mahyco (Mahyco Monsanto Biotech or MMB), said it would "re-evaluate" all its businesses in the country; it took the biggest hit. It had also ..
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