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13.03.2018 |

India slashes Monsanto's GMO seed royalty, says US firm 'free to leave' anytime

India has cut royalties that local seed companies pay to US agrochemical giant Monsanto for the second time in two years. The producer of genetically modified seeds has previously threatened to pull out of the country.

According to a government order released on Tuesday, the country’s farm ministry has decided to reduce royalties paid by Indian seed companies to Monsanto for its genetically modified (GM) cotton by 20.4 percent.

Two years ago, the company’s royalties were cut by more than 70 percent. The move triggered a long-running dispute between the Indian and US governments.

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