Home / Knowledge / News / Textiles / Govt panel to fix Bt Cotton seed prices
Govt panel to fix Bt Cotton seed prices
29
Jan '16
The Central Government has constituted a nine-member committee to execute its cotton price control order that will decide the price farmers pay to seed companies.

The move by the Agriculture Ministry came on January 27 when the Delhi High Court adjourned till March 4, the hearing of a plea by Mahyco Monsanto Biotech India Pvt. Ltd (MMBL), challenging the price control order, according to a report in Livemint.com.

The committee will decide the maximum sale price (MSP) of cotton seeds, including royalty fees and dealers' margins, said an Agriculture Ministry official. It's deadline to decide on the MSP of genetically modified Bt cotton seeds is March 31, but a decision is expected earlier.

The Agriculture Ministry had issued a price control order on December 7, 2015 to bring uniformity in Bt cotton seed prices, as several states such as Maharashtra, Andhra Pradesh and Telangana have brought in price control orders. The Ministry says the other reason for price control is make Bt cotton seeds affordable.

MMBL, a joint venture between Mahyco and Monsanto, petitioned the Delhi High Court to quash certain provisions in the price control order, specifically those allowing the centre to determine trait or royalty fees, Such fees, according to MMBL, are determined by private contracts between technology providers (MMBL) and seed companies who use the technology.

MMBL, which licenses its patented Bollgard II technology to several seed companies, said that the price control order is “illegal and unconstitutional”.

An MMBL spokesperson insisted the price control regulation is contrary to the law, and is also against the long-term interests of farmers and the government's proclamation of promoting ease of doing business and innovation. (SH)

Fibre2Fashion News Desk - India

Must ReadView All

Textiles | On 8th Dec 2016

Cabinet okays reforms to boost jobs in made-ups sector

The Union Cabinet chaired by prime minister Narendra Modi has given...

Textiles | On 8th Dec 2016

R&D is key to textile industry’s growth: Kavita Gupta

Research and development is the key to the growth of the textiles...

Textiles | On 8th Dec 2016

China’s economy on track to meet growth expectations

China’s GDP has grown at 6.7 per cent in the first three quarters of...

Interviews View All

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

Evelyne Cholet
UCMTF

‘France had a reputation of being big in new ideas, but poor in marketing...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
December 2016

December 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


Advanced Search