Is Monsanto A Monopoly In The Market

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Recommended: Positive impact of genetic engineering in agricultural sector

6.2. Non – transparency
Independent researchers were not given access/ permission to test the GM crops /animals by the patented companies. Therefore there has been not been sufficient animal health testing, human health testing or environmental impact testing done on the impact of GMO’s. Many GM Companies like Monsanto do not provide any guarantee to their products like Intel or Microsoft would provide for their products. They even do not want to label their products.
6.3. Inequality
The Bio-technology market is a very rich and powerful market in the world. This market is mostly controlled only by very few giants such as Monsanto, Du Pont, Syngenta, Bayer etc. Leaving agricultural system, a system vital for a country’s survival in private hands, that to in the hands of few corporations is very dangerous to any country.

Above figure shows Monsanto is a monopoly in the Market. It is one of the fortune-500 companies whose annual turnover is greater than GDP of some small companies. Such is its power in lobbying governments of various countries. Also all these giants were once chemical companies who then bought seed companies to market their seeds. They either buy away their opponents or make their existence economically unfeasible due to their minuteness.
Case of farmers:
As the GM seeds are controlled by the monopolized companies and not the public sector the prices of seeds are quite high and uncontrolled. This lead to the suicides of poor farmers in case of crop failure or if the yield is poor or if the market price is low. This was especially in the case of Bt cotton farmers in states of Andhra Pradesh and Maharashtra in the late 1990’s.
Patents do not allow farmers to reuse part of the produce for resowing in the next season. T...

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...ment and Forests are responsible for the safety of GMO’s in India. Authorities involved in the approval process are Review Committee on Genetic Manipulation (RCGM), Genetic Engineering Appraisal Committee (GEAC) and Central Drugs Standard Control Organization (CDSCO).
7.1. Approval process
RCGM authorizes import/export for research and development purposes. It is then responsible for issuing approval till the pre-clinical study period. CDSCO is responsible for approving clinical trials, then permission for manufacturing, import/export and then issuing licenses for marketing. GEAC which comes under MoEF is responsible for approval of large scale use of GMOs. State FDA’s then issue licenses for the marketing of these products in their respective states.
Guidelines that are followed include ‘Standard operating procedures for confined field trials 2008’, ‘Guidelines and

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