Monsanto to Sell its Cotton Seed Brand to India’s Tierra Agrotech

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 and reported on Reuters.com.

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 genetically modified cotton seeds under license to more than 40 Indian seed companies.

However, its Monsanto Holdings Private unit, an MMB licensee which sells the company’s Bollgard I and Bollgard II seeds, will exit cotton and sell its branded seed to Tierra Agrotech.

Read more at Reuters.com.

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