Indian Government Cuts Monsanto’s GM Seed Royalty Fees by 70%
The Indian Agricultural Minister has confirmed that royalties to biotech giant Monsanto for its genetically modified cotton seeds will be capped at 49 rupees (73 cents U.S.) per 450-pack, amounting to a 70 percent reduction from current levels. Monsanto is threatening to ‘pull-out’ in response to the cap.
