Tuesday, September 06, 2005
New Report on the seed industry from the ETC Group
According to the ETC Group, "the top 10 multinational seed firms control half of the world's commercial seed sales. With a total worldwide market of approximately US$21,000 million per annum, the commercial seed industry is relatively small compared to the global pesticide market ($35,400 million), and it's puny compared to pharmaceutical sales ($466,000 million). But corporate control and ownership of seeds - the first link in the food chain - has far-reaching implications for global food security. A single firm, Monsanto, now controls 41% of the global market share in commercial maize seed, and one-fourth of the world market in soybean seeds. The same company's seeds and biotech traits accounted for 88% of the total area planted in genetically modified seeds worldwide in 2004." Get the full report here.No surprise here, but the big 3 companies are Monsanto, Dupont and Syngenta. And Monsanto and Dupot are also big players in the global pesticide market.
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