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Monsanto moves SC for higher prices

The MNC was restrained from charging Rs900 for a packet of Bt. Cotton seed

Rakesh Bhatnagar

Updated : Nov 19, 2013, 11:17 PM IST

The MNC was restrained from charging Rs900 for a packet of Bt. Cotton seed

NEW DELHI: Mahyco Monsanto Biotech-India Ltd has moved the Supreme Court against a Monopolies and Restrictive Trade Practices Commission

(MRTPC) order restraining it from charging Rs900 for a packet of 450 grams of Bt. cottonseed. The petition will come up for hearing before a vacation bench.

US-based company Monsanto in a joint venture with Mahyco, a seed company trading in India, formed the Mahyco Monsanto Biotech-India Ltd that entered into agreements with several companies for selling Bt cotton.

A report says in Maharashtra farmers used to pay 450 rupees for a bag of traditional seed, but about Rs1,600 for GM seed. Mahyco Monsanto’s cotton was launched in 2002 in India and planted by more than a million farmers in 2005. A survey showed that yields from their seed were 64 per cent higher compared with conventional cotton and farmers used less pesticide.

Acting on an application filed by Andhra Pradesh government, the Commission in its May 11 order had directed the company not to charge Rs900 per packet of 450 grams of Bt cottonseeds from farmers in India while proceedings were pending.

Showing the disparity in the price, AP government had told the Commission that Monsanto was charging just Rs90 per kg from the farmers of China and almost the same amount in the US, Brazil and Australia

Assailing this order, Mahyco in its appeal said the MRTPC had no jurisdiction to adjudicate the issue because “licensing of technology does not fall under the classification of goods or services.”

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