Symbol: COTTON| Contract: Jul, 2016| Category: Fiber
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Cotton's Latest News
Monsoon rains have covered nearly half of the country, the weather department said on Monday, accelerating planting of summer crops like paddy rice, soybeans, cotton and pulses.
Cotton planting in India, the world's biggest producer, is likely to fall to the lowest in seven years in the 2016-17 marketing season as farmers switch to other crops, potentially cutting production and exports of the fibre.
Price controls and compulsory licensing guidelines, as enacted in case of Bt Cottonseed, are likely to have an adverse impact on the long-term growth of the Genetically Modified (GM) seeds industry, ICRA said in a report.
Faced with shortage of pulses and rising prices, Agriculture Minister Radha Mohan Singh on Tuesday said the government's decision on GM pulses will depend on green signal from the biotech regulator GEAC.
German pharmaceutical giant Bayer sees in agro-industry giant Monsanto a gem worth at least $62 million for its dominant global position selling seeds sought by farmers of corn, soybeans, cotton and other commodity crops.
Monsanto India shares jumped over 5 per cent on Tuesday after the government withdrew its notification that mandated the capping of royalty for new genetically modified (GM) traits.
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