Login ID:
Partner Login
Contact Us : 7066511911

Monsanto to Exit Indian Cotton-Seed Business -- Market Talk

8 Sep 2017 4:19 am

0419 GMT - Monsanto (MON) will sell its branded cotton-seed business in India, part of cost-cutting measures the world's largest seed supplier has laid out the past year to navigate a protracted slump in global agriculture industry. India's Tierra Agrotech has agreed to buy the business. MON will continue to sell corn and vegetable seeds and pesticides in India, one of the world's biggest agricultural markets. The company also maintains a JV with Mahyco, another Indian seed developer, that centers on developing biotech crop genes for cotton. But that business has been challenged after India last year implemented price controls. MON's India unit overall made up not-quite 1% of the company's FY16 sales; the past year's results are due in several weeks. (jacob.bunge@wsj.com; @jacobbunge)

(END) Dow Jones Newswires

September 08, 2017 00:19 ET (04:19 GMT)

Copyright (c) 2017 Dow Jones & Company, Inc.
Top 5 Special Reports
Canada's Pea Exports May Rise 4.71% To 3.4 Million Tonn...
USD/INR (Nov. 19) Sustaining Recent Breakout Hold ...
Lull In India's Cotton Exports Despite Narrowing Price ...
USD/INR (Nov. 19) Sustaining Recent Breakout Hold ...