Govt keeps Bt cotton price unchanged at Rs 730 per packet for 2020-21; scraps royalty fee to Bayer

New Delhi: The Centre has kept the maximum sale price of genetically modified (GM) Bt cotton seeds unchanged at Rs 730 per packet for the next fiscal but scrapped the royalty to US-based technology provider Monsanto, now controlled by global agri major Bayer.

Bayer, which in June 2018 completed the USD 63-billion deal to acquire Monsanto, has expressed disappointment over doing away with trait value or royalty altogether.

According to a government notification, the maximum sale price for Bollgard-II (BG-II) cotton seed for 2020-21 has been fixed at Rs 730 per packet of 450 gm. The seed value is Rs 730 and trait value zero.

The rate for the current fiscal is Rs 730 per packet including Rs 20 as trait value, which goes to Bayer group.

The maximum sale price of BG-I version of Bacillus thuringiensis (BT) cotton hybrid has also been kept unchanged at Rs 635, with no trait value.

Under the Cotton Seed Price (Control) Order, 2015, the government has been fixing a maximum sale price for Bt cotton every year considering the seed value, recurring royalty (trait value), trade margins and others.

Earlier this month, Union Agriculture Minister Narendra Singh Tomar had informed Parliament that the Centre was considering writing off trait value charged from farmers for Bollgard-II variety of Bt cotton to ensure the seeds are available to farmers at affordable prices.

When contacted, Bayer spokesperson said: “While it is disappointing to see the full elimination of trait fees, we will in collaboration with other technology providers continue to highlight the need to maintain a reasonable level of trait fees.”

The royalty fee is essential to support stewardship, maintaining longevity and at the same time investing in future technologies, the spokesperson added.

Source Article

Lois C. Ferrara

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