US jury's $2 bn award against Roundup unlikely to hurt India glyphosate biz

US jury awards largest compensation of $2 billion, no immediate impact seen on India's Rs 750 crore market with 90 players, say industry experts

A jury in California on Monday ordered Bayer-owned Monsanto to pay $2 billion to a couple who had complained about a company-made herbicide known as  glyphosate -- a widely used weed killer soild across the world and India as Roundup. 

Experts say as of now the US judgment will not have any impact on the estimated Rs 750-1,000 crore market (30 million litres) in India for this herbicide, as it has been approved by regulators across the world as ‘not carcinogenic to humans’.

However, according to a Reuters report on the California Jury’s ruling, “This was the third consecutive US