By admin       2018-04-13

Monsanto can now apply to India’s Protection of Plant Varieties and Farmers’ Rights Authority for the registration of its Bt cotton seeds and charge a fee, decided by the government body, a two-judge bench of the Delhi High Court, headed by S. Ravindra Bhat, said. The verdict is another setback for Monsanto, which is being acquired by Germany’s Bayer AG in a $66 billion deal. Last month, India cut the royalty on Monsanto’s genetically modified Bollgard 2 cotton to 39 rupees ($0.60) per 450-gram pack from 49 rupees. As many as 50 million packs of genetically modified cotton seeds are produced each year in the country, according to the National Seed Association of India. Indian seed companies, which were licensed by Monsanto to produce and sell its genetically modified cotton seeds in the country, may approach the Competition Commission of India to recover the money paid by farmers to Monsanto, Kalyan Goswami, director general of the seed producers’ group said.

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