Global Agribusiness Mega-Mergers: Rise of Monopoly Power



The proposed global mega mergers of six agribusiness corporations; of Bayer with Monsanto, Dow with DuPont, and ChemChina with Syngenta, are part of an ongoing consolidation in the agribusiness sector. If the mergers are successful, the three mega corporations will control more than 60% of the global market in commercial seeds and agro-chemicals. Newsclick speaks with reputed genetic scientist Dr. Suman Sahai, the chairperson of http://genecampaign.org/ to understand the implications of the deal on India. Sahai makes the argument that with India’s size and diversity, it has the ability to counter the adverse implications of this rise in monopoly power. Whether the Government acts in the public interest remains to be seen.

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