Govt cuts Bt Cotton seed fee to Rs 730 in step with packet

Govt cuts Bt Cotton seed fee to Rs 730 in step with packet

by admin- Tuesday, March 12th, 2019 07:15:39 PM

The Centre has marginally diminished the most sale rate of Bt cotton seeds (BG-II) through reducing the royalty fee payable through home seed corporations to developers of this genetically changed variety.

Under the brand new price, notified via the agriculture ministry , the farmers will must pay most Rs 730 consistent with packet of 450 gm (which include Rs 20 for royalty) for Bt cotton seed of Bollgard (BG)-II version this yr as towards Rs 740 (together with Rs 39 for royalty) final year.

The new maximum sale charge (MSP) encompass Rs 20 in step with packet as trait costs (royalty) this yr as towards Rs 39 according to packet ultimate 12 months. It means whilst the farmers will must pay Rs 10 much less consistent with packet this year as compared to 2018 season, the home seed corporations might be the larger beneficiaries as they’ll must pay Rs 19 much less per packet as trait prices to the developer (innovator of transgenic kind of cotton).

According to a gazette notification issued ultimate week, for the second one consecutive yr after the central government started solving its charges, following hints of a committee, the sale charge of Bt cotton seeds, together with the trait charge, has been lowered.

The licence price is which includes all taxes. The planting of cotton crop starts offevolved in June.

News Updates