Monsanto Acquires Delta & Pine Land and Terminator
Enviado por ETC Staff el
In a quest to expand its corporate seed empire - Monsanto, the world's largest seed enterprise - announced yesterday that it will buy the world's leading cotton seed company, Mississippi-based (USA) Delta & Pine Land, for US$1.5 billion. Monsanto and Delta & Pine Land (D&PL) together account for over 57% of the US cotton seed market. With D&PL subsidiaries in 13 countries - including major markets such as China, India, Brazil, Mexico, Turkey and Pakistan - the takeover means that Monsanto will command a dominant position in one of the world's most important agricultural trade commodities and that millions of cotton farmers will be under increased pressure to accept genetically modified (GM) cottonseed.