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Genetically Modified products are generally cheaper, because they are capable of yielding more fruits/grains than Non-GM plants. For example, a genetically engineered rice plants can yield five times more grain heads than non-GM rice plants. That's a VAST difference. Also, some GM plants are capable of resisting against diseases and pests, weeds and consequently, farmers don't need to use pesticide nor herbicide. Pesticide and herbicide are very costly and are a financial burden on farmers, especially those in poor countries. So when they use GM crops, they can save extra cash by not having to purchase these chemical substances. With this extra cash, farmers could plant more crop plants than usual, which equals to a bigger harvest. And hence, supplies of crops increase, meaning the prices are inclined to reduce. (bigger supply + same demand = lower prices)

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