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Even without climate change, world food prices are expected to increase due to growing populations and rising incomes, as well as a greater demand for biofuels. While overall rice yields have increased, rising temperatures with lower rainfall at the end of the growing season have caused a significant loss in India’s rice production. Without climate change, average rice yields could have been almost 6% higher (75 million tons in absolute terms). Recent studies show that wheat yields peaked in India and Bangladesh around 2001 and have not increased since despite increasing fertilizer applications.

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Reduction of Pesticide usage – Blue River Technology’s See and Spray technology is a pioneer in reducing the use of pesticides in farming. Computer Vision identifies every plant and then based on the plant determines a suitable treatment for it. Herbicide is then sprayed automatically by robotic nozzles on unwanted weeds and not on the plant thus keeping it free from any kind of pesticide.

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The sale comes as Monsanto fights a former licensee in India in a bitter dispute that has drawn in both the Indian and U.S. governments, while it is also the subject of a $66 billion takeover by Germany’s Bayer. Monsanto, the world’s biggest seed producer, said its Mahyco Monsanto Biotech (India) (MMB), a joint venture with India’s Mahyco, will continue to sell genetically modified cotton seeds under license to more than 40 Indian seed companies.