Mr. Bahadur Ali, Managing Director of IB Group and Chairman of All India Poultry Breeders Association has has written to the Government of India, seeking extension of the deadline for importing de-oiled soya cake (DOC). In a letter to the Ministry of Animal Husbandry, Dairy and Fisheries Mr. Bahdur Ali demanded the extension to complete the import of 12 Lkh MT DOC which was allowed by the Government of INDia in view of rising prices of Soyabean in domestic market.The industry was given time till January 31, 2022, to receive the imports, of which 6.5 lakh tonnes have already arrived.
DOC is the protein-rich solid left after oil is extracted from soyabean. It is the basic raw material used in poultry feed.
Mr. Bahadur Ali said that if the Centre Government does not intervene,and extend the deadline, there may be consequences. The All India Poultry Breeders Association has sought steps such as extending the deadline of imports till March 31, 2022, ban on trade in soyabean on commodity exchanges and strict action against hoarders.
Mr. Bahadur Ali pointed out that the government’s intervention in the month of September this year has resulted in price correction of DOC from Rs 100/kg to Rs 70/kg. The Poultry Industry is hopeful that domestic crop prices would further cool down the prices with the expectation that seed would be trading at Rs 40-50/kg as against the government-declared Minimum Support Price of Rs 39/kg.
Post Date: 17 Nov 2021