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All India Poultry Breeders Association meets
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Soyabean tops ₹10,000/quintal in some markets - The Hindu BusinessLine
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Expressing concern over rise in animal feed prices in the domestic market, the All India Poultry Breeders Association (AIPBA) on Sunday demanded the government to reduce import duty on soybean meal to zero for at least five months. Soybean meal remains the most common protein source for all compound feeds for poultry, dairy cattle and pigs in the country and worldwide. In a letter to Union Minister for Animal Husbandry, Livestock, Dairying and Fisheries Giriraj Singh, AIPBA Chairman Bahadur Ali said, There is an acute shortage of soybean in the supply line, leading to massive price escalation. The only option is now to ensure import to cool down the prices to save livestock farmers.
May 23, 2021
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Domestic prices have moved more than 100% in the last year, while global rates are just half of Indian prices All India Poultry Breeders Association (AIPBA) on Sunday urged the government to allow duty free import of 12 lakh tonnes of soyabean meal by feed millers until September this year citing the impact of escalated soyabean prices in the domestic market.
“Indian soyabean prices have moved more than 100 per cent in the last year. From ₹36,420 per tonne to over ₹81,000 per tonne. Whereas the prices in the international market are just half of the Indian soyabean and soyameal prices. It means that the cost of production for the small poultry farmer has gone up by ₹45 per kg,” AIPBA chairman Bahadur Ali said in a letter to Animal Husbandry Minister Giriraj Singh.
Soybean meal prices doubled; govt should permit import at zero duty: AIPBA
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