Holding limits imposed on Soyameal till June 2022

Soya meal is a key constituent of poultry feed meal and its rates are directly connected to soybean prices because the seed has more than 80% meal and 18% oil content in them. This season, despite a good harvest, soya bean prices have soared almost 76% in the domestic market, benefitting farmers on one hand but hurting the poultry industry on the other. A week after restricting futures trading on some agriculture commodities and extending the deadline for duty-free pulse imports till March 2022, the Centre has now imposed stock-holding…