Genetically modified cotton comes to India - Views on News from Equitymaster

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

Genetically modified cotton comes to India

May 9, 2000

The genetically engineered cotton seed developed by Monsanto has been given a ‘biosafety clearance’ by the Indian government. This paves the way for the cultivation and marketing of transgenic cotton in the country. Monsanto has been in the forefront of research and discovery of pesticide resistant seeds for cotton, soyabean, and corn. Though these have caught on to some extent in the USA itself, farmers in Europe have been far more circumspect since there is resistance both from regulators and consumers of genetically modified foods.

Hence it will be interesting to see the reception that genetically modified cotton seeds receive from farmers in India. Even in the past, the Indian farmer has shown himself to be a shrewd judge of the farm products that he buys and there is no reason not to allow him to decide whether he wants or does not want to use genetically modified seeds.

Secondly, the productivity of cotton in India at 200 kgs/hectare is among the lowest in the world. It has been estimated that the yield can be easily doubled to 400/kgs per hectare if proper farm practices, pesticides and irrigation facilities are put in place. The use of transgenic cotton could help the farmer reduce the amount he spends on insecticides since the gene `Bacillus Thuringiensis' inserted in the cotton creates a protein deadly to certain insecticides.

If the use of transgenic cotton takes off this could signal the start of tough times for Indian pesticide manufacturers such as United Phosphorous, Rallis and Excel Industries which derive almost 70% of their revenues from insectides. A longer term benefit of improved cotton productivity, as and when it happens, would be to allow the exports of raw cotton itself. So far the spinning mills have prevailed upon the government to restrict cotton exports in order to facilitate the yarn producers to get cotton at cheaper prices on the grounds of promoting value added exports.


Equitymaster requests your view! Post a comment on "Genetically modified cotton comes to India". Click here!

  

More Views on News

MONSANTO INDIA Announces Quarterly Results (1QFY20); Net Profit Up 15.1% (Quarterly Result Update)

Jul 25, 2019 | Updated on Jul 25, 2019

For the quarter ended June 2019, MONSANTO INDIA has posted a net profit of Rs 760 m (up 15.1% YoY). Sales on the other hand came in at Rs 3 bn (up 10.1% YoY). Read on for a complete analysis of MONSANTO INDIA's quarterly results.

MONSANTO INDIA 2018-19 Annual Report Analysis (Annual Result Update)

Jun 17, 2019 | Updated on Jun 17, 2019

Here's an analysis of the annual report of MONSANTO INDIA for 2018-19. It includes a full income statement, balance sheet and cash flow analysis of MONSANTO INDIA. Also includes updates on the valuation of MONSANTO INDIA.

MONSANTO INDIA Announces Quarterly Results (4QFY19); Net Profit Down 57.5% (Quarterly Result Update)

May 2, 2019 | Updated on May 2, 2019

For the quarter ended March 2019, MONSANTO INDIA has posted a net profit of Rs 226 m (down 57.5% YoY). Sales on the other hand came in at Rs 1 bn (down 18.4% YoY). Read on for a complete analysis of MONSANTO INDIA's quarterly results.

More Views on News

Most Popular

Why We Picked This Small-cap Stock for Our Hidden Treasure Subscribers (Profit Hunter)

Sep 17, 2020

This leading household brand will profit big time in a post covid world.

My Top Stock to Buy in this Market Selloff (Profit Hunter)

Sep 22, 2020

The recent correction offers a great opportunity to buy this high conviction smallcap stock.

Can the Nifty Fall to 10,200? (Fast Profits Daily)

Sep 24, 2020

The Nifty has reached an important support level today. If it breaks then we could see further downside.

What Do the Charts Say About Buying Smallcaps Now? (Fast Profits Daily)

Sep 18, 2020

Everyone seems to be excited about buying smallcaps now...but is it the right thing to do? What do the charts tell us? Find out in this video...

More

Covid-19 Proof
Multibagger Stocks

Covid19 Proof Multibaggers
Get this special report, authored by Equitymaster's top analysts now!
We will never sell or rent your email id.
Please read our Terms

MONSANTO INDIA SHARE PRICE


Sep 26, 2019 (Close)

TRACK MONSANTO INDIA

  • Track your investment in MONSANTO INDIA with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
  • Add To MyStocks

MORE ON MONSANTO INDIA

MONSANTO INDIA 8-QTR ANALYSIS

COMPARE MONSANTO INDIA WITH

MARKET STATS