India cuts royalty for US firm's cotton seeds for 2nd time
India has reduced the royalties paid by Indian seed producers to US company Monsanto for its genetically modified cotton seeds for the second time in three years. While royalties were reduced by around 20%, seed prices were lowered by 7.5%. The government had reduced royalties to Monsanto by over 70% in 2016, triggering a conflict between the two nations' governments.