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Govt cuts genetically modified Bt cotton seed price to Rs 740 per packet

15 Mar 2018 Evaluate

The government has cut maximum sale price of genetically modified (GM) Bt cotton seeds to Rs 740 per packet for the second year in a row from Rs 800 earlier. This step has been taken in order to bring relief to cotton growers hit by pest attacks. The new prices will come into effect from the 2018 kharif season starting June.

The maximum sale price of a Bt cotton seeds packet has been fixed at Rs 740 for bollgard (BG)-II version, including Rs 39 for the trait value. However, for the BG-I version, the maximum sale price has been kept unchanged at Rs 635 per packet with no trait value.

Cotton production is estimated at 33.92 million bales (of 170 kg each) in 2018-19 crop year as against 32.58 million bales last year.