Home / Knowledge / News / Textiles / AP Govt retains Bt-cotton seed prices of last year
AP Govt retains Bt-cotton seed prices of last year
27
Apr '10
Bt cotton seeds in the state of Andhra Pradesh would not see price hike in the next season, as per the decision taken by the state government. So, the varieties of cotton will be sold at the prices same as that of previous year, i.e.

Bt 1 (single gene) variety will be sold at Rs 650 per packet of 450 gm and Bt 2 (double gene technology) for Rs 750. The government will soon issue its order regarding this decision.

In the month of February, The National Seed Association of India (NSAI) had asked for 30 percent increase in Bt cotton seed prices. It informed the state government that the retaining the same prices as those prevailing in previous years of Bt-cotton seed varieties would financially hit the seed companies and could force them to cut back production.

In the year 2006, Bt 1 variety of seed was priced at Rs 750 a packet while Bt 2 was at Rs 925, while, in the year 2008, it was reduced to Rs 650 and Rs 750 a packet, respectively. With the 35 percent increase in input and labour costs, the seed association had demanded the government to increase the price of Bt 1 variety to Rs 850 and Bt 2 to Rs 1,050.

The seed companies spend Rs 140 on distribution of seeds, Rs 243 on production, Rs 81 on research and pay Rs 96 as trait fee to the company that owns the rights to the technology of Bt 1 seeds.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 23rd Jan 2017

China’s cotton imports down 39% in 2016

China’s total cotton imports declined by 39.1 per cent to ...tons in...

Textiles | On 23rd Jan 2017

MagnaColours develops new sustainability standard

MagnaColours, manufacturer of printing inks and ink bases, discharge...

Courtesy: ZDHC

Textiles | On 23rd Jan 2017

ZDHC adds six new contributors for sustainability

Zero Discharge of Hazardous Chemicals (ZDHC) programme has added six...

Interviews View All

Spokesperson
Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Evelyne Cholet
UCMTF

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

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

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
January 2017

January 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search