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Monsanto to sell its cotton seed brand to India's Tierra Agrotech

Reuters  |  NEW DELHI 

NEW DELHI (Reuters) - Monsanto Co will sell its small branded cotton seed business to local firm Tierra Agrotech Private Ltd, but remains fully committed to India's agriculture sector, a Monsanto India spokesman said on Friday.The sale comes as Monsanto fights a former licensee in India in a bitter dispute that has drawn in both the Indian and U.S. governments, while it is also the subject of a $66 billion takeover by Germany's Bayer.Monsanto, the world's biggest seed producer, said its Mahyco Monsanto Biotech (India) (MMB), a joint venture with India's Mahyco, will continue to sell ...

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First Published: Fri, September 08 2017. 12:49 IST