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Sunday, May 28, 2006

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Bt cotton seed price likely on Monday

Our Bureau

Hyderabad, May 27

Bt cottonseed manufacturers have reportedly assured the Andhra Pradesh Government that they will come out with a proposal on cottonseed pricing by Monday, keeping in mind the early onset of monsoon. This assurance came when Ms Poonam Malakondaiah, Commissioner for Agriculture, held an hour-long discussion with representatives of 13 companies selling Bt cottonseed in the State to settle the pricing issue. Addressing a press conference here on Saturday, she appealed to farmers not to get panicky and pay huge sums to buy the seed. "We explained to them (seed manufacturers) about the importance of the pricing as the season is fast approaching," she said. Sources in the Agricultural Ministry later told Business Line that the companies had reacted positively. They hoped that they would come out with a solution on Monday.

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