Govt imposes stock limits on soyameal till June 2022 to check price rise
The Centre on Friday imposed stock holding limits on soyameal, which is used as a raw material in the poultry feed industry, till June 2022 to curb hoarding as well as check rise in domestic prices. The limits will be in place till June 30, 2022, an official statement said.
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.
Govt imposes stock limits on soyameal till June 2022 to check price rise
The Centre on Friday imposed stock holding limits on soyameal, which is used as a raw material in the poultry feed industry, till June 2022 to curb hoarding as well as check rise in domestic prices. The limits will be in place till June 30, 2022, an official statement said.
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’s paddy procurement reaches 443.49 lakh tonnes in October-December
The government’s paddy procurement at MSP reached 443.49 lakh tonnes so far in the ongoing marketing year that commenced from October 2021, with the maximum quantities being purchased from Punjab, Haryana and Telangana, the food ministry said on Monday.
About 186.85 lakh tonnes of paddy has been procured from Punjab, 55.30 lakh tonnes from Haryana, 52.88 lakh tonnes from Telangana, 47.20 lakh tonnes from Chhattisgarh, 38 lakh tonnes from Uttar Pradesh, 15.14 lakh tonnes from Madhya Pradesh during October-December 26 of this marketing year, it said.
The ministry, in a statement, said more than 47 lakh farmers have benefited from the minimum support price (MSP) value of Rs 86,924.46 crore so far.
