India is dumping Monsanto's genetically modified Bt cotton in favor of "desi", an indigenous variety, which comes at half the cost and farmers are allowed to save seed to plant next year.

Sales of the seed are down by 15% year on year, worth $75 million according to Reuters.

Monsanto stands losing the world's biggest cotton producer and second largest exporter of the fiber. While Monsanto’s Genetically Engineered cotton variety remains dominant, the government is promoting indigenous varie...