Cotton-picking Monsanto
Oligopoly Watch:
Monsanto recently announced that it would acquire Emergent Genetics, Inc., a company that develops genetically modified (GM) cotton seed. The $300 million deal will increase the company's GM presence. Monsanto is already the US leader in corn and soybean seeds. It already has a major position in cotton.
Emergent Genetics is the third-largest cotton seed supplier in the US (after Syngenta and Monsanto), with a reported 12% market share. Monsanto clearly sees that it can use its market power and biotechnology capabilities to build that share. Emergent has a major presence in India and some other cotton-growing companies.
This acquisition comes only a few weeks after the announcement of Monsanto's plan to buy Seminis, a leading vegetable and fruit seed company.
Monsanto recently announced that it would acquire Emergent Genetics, Inc., a company that develops genetically modified (GM) cotton seed. The $300 million deal will increase the company's GM presence. Monsanto is already the US leader in corn and soybean seeds. It already has a major position in cotton.
Emergent Genetics is the third-largest cotton seed supplier in the US (after Syngenta and Monsanto), with a reported 12% market share. Monsanto clearly sees that it can use its market power and biotechnology capabilities to build that share. Emergent has a major presence in India and some other cotton-growing companies.
This acquisition comes only a few weeks after the announcement of Monsanto's plan to buy Seminis, a leading vegetable and fruit seed company.
posted by Solomon | 7:17 AM
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