Agriculture Minister Radha Mohan Singh today said government will continue to regulate cotton seed prices and will not allow companies like the US biotechnology major Monsanto to exploit farmers. <br/><br/>Talking to reporters in New Delhi, Mr Singh said, last month, the government had fixed a uniform price of 800 rupees per packet for Bt cotton seed. The Minister said, Monsanto is a good company but it does not mean that it will loot farmers and charge any price it wishes.<br/>Mayhco Monsanto Biotech Limited, which is a joint venture firm of Monsanto, had challenged the government's seed control order in the Delhi High Court in December last year.

Agriculture Minister Radha Mohan Singh today said government will continue to regulate cotton seed prices and will not allow companies like the US biotechnology major Monsanto to exploit farmers. <br/><br/>Talking to reporters in New Delhi, Mr Singh said, last month, the government had fixed a uniform price of 800 rupees per packet for Bt cotton seed. The Minister said, Monsanto is a good company but it does not mean that it will loot farmers and charge any price it wishes.<br/>Mayhco Monsanto Biotech Limited, which is a joint venture firm of Monsanto, had challenged the government's seed control order in the Delhi High Court in December last year.