Biotech body wants market-determined price for Bt cotton
BS Reporter / Chennai/ Hyderabad Apr 21, 2010, 00:22 IST
Bt cotton prices should be determined by market dynamics. This would foster competition and provide more choice for the seed buyers, according to the Association of Biotech Led Enterprises (Able).
“The Bt cotton seed price control is a concern. It is indirect technology fee control by state governments,” said Pioneer Hi-bred International Seeds country manager and special group executive council member.
Since 2006, some state governments have been consistently reducing the MRP of Bt cotton seeds. This has adversely impacted the innovation, he said.
The body also sought a free market competitive environment, commercialisation certainty, regulatory process predictability and protection of IPR to drive innovation in agriculture.
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