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India: Antitrust body suspects Monsanto abused dominant position

 |  February 17, 2016

India’s antitrust regulator said on Wednesday it suspected that a Monsanto joint venture had abused its dominant position as a supplier of genetically modified cotton seeds in the country.

Local farmers and some of their associations, including one affiliated to Prime Minister Narendra Modi’s ruling party, have complained that Monsanto overprices its products using its position as the supplier of GM seeds used in more than 90 percent of the country’s cotton cultivation.

US-based Monsanto launched a GM cotton variety in India in 2002 despite opposition from critics who questioned its safety, transforming the country into the world’s top producer and second-largest exporter of the fibre.

Full content: The Jamestown Sun

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