New Delhi: The Centre on Friday imposed stock holding limits on soya meal, which is used as a raw material in the poultry feed industry, till June 2022 to curb hoarding as well as check price rise.
The limits will be in place till June 30, 2022 and an order in this regard was issued with effect from December 23, an official statement said.
Besides, the government has notified an order under the Essential Commodities Act to declare ‘soya meal’ as an essential commodity up to June 30, 2022 by amending the Schedule of the Essential Commodities Act, 1955.
Soya meal 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.
If stocks held by legal entities are higher than the prescribed limits, then they have to declare the same on the food ministry’s portal and bring it to the prescribed stock limits within 30 days of the issue of the notification.
