Home > Uncategorized > The Ecologist – Dupont follows Monsanto in new move to consolidate South African seed market

The Ecologist – Dupont follows Monsanto in new move to consolidate South African seed market

From The Ecologist:

Dupont follows Monsanto in new move to consolidate South African seed market

Kara Moses

1st December, 2010

Proposed merger between Dupont-owned Pioneer Hi-Bred and Pannar Seeds could spell disaster for local farmers and food security, watchdog claims

A proposed merger between two giant seed companies in South Africa has raised concerns among campaign groups that farmers could be forced to become dependent on just two foreign seed market giants, DuPont and Monsanto, for local seed supplies.

Pioneer Hi-Bred, owned by biotech corporation DuPont, is attempting to buy a majority stake in the largest remaining South African seed company Pannar Seeds. If successful, the merger would mean the South African seed market would be effectively duopolised by DuPont and Monsanto, which acquired two other major South African seed companies several years ago.

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