Home / Knowledge / News / Textiles / Govt bodies reject Bt cotton seed firms proposal
Govt bodies reject Bt cotton seed firms proposal
09
Jun '10
Cotton growing state's government have rejected the proposals sent by various firms for raising the price of Genetically Modified (GM), (Bt) cotton seeds.

Owing to surge in the cost of labourers by 35 percent, companies producing Bt cotton seeds have urged for an increment in the price of a 40-seed packet of BG1 variety from the current price of Rs 650 to Rs 850 and for the BG2 variety from Rs 750 to Rs 1,050. But this proposal has been rejected by all governments, Gujarat, Maharashtra, Punjab and Andhra Pradesh.

According to the government bodies, rise in seed costs will also surge the input costs for farmers, thereby, initiating an increase in cost in the value chain.

Currently, the Indian seed market is valued around Rs 65 billion. Of this, cotton alone is valued around Rs 25 billion, of which the Bt variety is of 80-90 percent. One packet of non-Bt seed is priced at Rs 300, the same as last year.

According to a seed producing company official, companies are unhappy with the fixed selling price of Bt cotton seeds and the state governments' control over the same. They want the prices to be decided or declared after the market dynamics are studied thoroughly. This, they feel, will help generate competition and provide wider choice for the seed buyers.

Supporting this suggestion, made by the companies, is the Association of Biotech Led Enterprises (Able). Around 60 firms produce Bt cotton seeds, thereby, providing over 300 goods across six technologies. More so, while the prices of other seeds have seen an increment by 50 – 100 percent, that of Bt cotton seed prices have not changed.

Fibre2Fashion News Desk - India


Must ReadView All

Textiles | On 22nd Jul 2017

Govt constitutes GST Feedback and Action Room

The Government of India has constituted a Feedback and Action Room...

Textiles | On 22nd Jul 2017

India’s cotton textile exports fell in FY17: Tamta

The overall export of cotton textiles from India declined in 2016-17...

Textiles | On 22nd Jul 2017

Stella McCartney, Bolt Threads partner for eco fashion

Fashion designer Stella McCartney has partnered with Bolt Threads for ...

Interviews View All

Frank Gossmann
Rotorcraft AG

‘RT3 motto is: Do not check millimetres, check colours.’

Evelyne Cholet
UCMTF

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

Prabu Mohanram
Balavigna Weaving Mills Pvt Ltd

The biggest challenge that the weaving industry faces is high price

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Judy Frater
Somaiya Kala Vidya

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

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

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

July 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X