In order to curb hoarding as well as check rise in domestic prices, the Centre has imposed stock holding limits on soyameal, which is used as a raw material in the poultry feed industry. The limits will be in place till June 30, 2022.
Besides, the government has notified an order under the Essential Commodities Act to declare 'soyameal' as an essential commodity up to June 30, 2022 by amending the Schedule of the Essential Commodities Act, 1955.
Soyameal processors, millers and plant owners can hold a maximum stock of 90 days production and they are required to declare the storage location. Government-registered trading companies, traders and private chaupals can hold a maximum stock of 160 tonne with a defined and declared storage location.