Login ID:
Password:
Partner Login
Contact Us : 7066511911

Importing soya DOC is impractical as country has surplus stocks, says Pasha Patel

9 Dec 2021 1:12 pm
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

Mumbai, 9 December (Commoditiescontrol) Importing soya DOC is impractical as the country has its surplus stocks this year, former Chairman of Maharashtra State Commission for Agriculture Cost and Prices and BJP leader Pasha Patel said in a telephonic interaction with Commoditiescontrol.

He said, "India has 117 lakh tonnes of soybean production this year of which 12 lakh tonnes will be used for seed in sowing during next crop season and rest 105 lakh tonnes wil go in crushing. After crushing, we wil get soymeal sound 86 lakh tonnes. India's poultry industry requires only 60 lakh tonnes of soya DOC in a year. Hence, the country has 26 lakh tonnes of surplus soymeal this year. " Patel recently met Union Minister Piyush Goyal and requested him not to allow soymeal import as the farmers will bear the adverse impact of this. "There was shortage of soymeal in last crop season as the India exported a considerable amount of soymeal but that is not the case this year, " He added. International prices of soya DoC are lower as comared to the domestic prices, therefore, soymeal exort is not possible. Currently, farmers are getting good prices of soybean as prices are ruling much above the MSP of Rs 3950 per quintal. Pasha Patel also met Union Minister of Fisheries, Animal Husbandry and Dairing Parshottam Rupala who recommended allowing import of the balanced quantity of GM soya allotted for imports early this year till March 2022. The government had approved for imports of 12 lakh tonnes of soymeal of which 6.5 lakh tonnes have already imported.

       
  Rate this story 1 out of 52 out of 53 out of 54 out of 55 out of 5 Rated
0.0

   Post comment
Comment :

Note : This forum is moderated. We reserve the right to not publish and/or edit the comment on the site, if the comment is offensive, contains inappropriate data or violates our editorial policy.
Name :  
Email :  
   

Top | Post Comment  

Latest Special Reports
Soybean Meal (Indore) Counter-trend Decline / Next Su...
Castor Seed (Deesa) Inflection Point: Retesting Key R...
Soybean (Indore) Inflection Point: Retesting Key Uptr...
Weekly: Soybean, soyoil prices rally amid expectations...
Vegetable oil imports drop 13% in April-y/y
more
Top 5 News
Sugar production rises 14% to 348.83 lakh tonnes in 20...
Stocks of wheat, canola, barley, dry peas, oats and len...
Lentil (Kolkata) Consolidating in an Uptrend (Rs. 6,8...
Soybean Meal (Indore) Counter-trend Decline / Next Su...
Pulses Import Data Month/Origin/Destination Wise 17 May...
Top 5 Market Commentary
Spot cumin seed prices mixed, futures drop over 1%
Moong trades higher at Rajkot-Washim amid less arrivals...
Gold gains as dollar slide amid growth worries sap risk...
Season 2021-22: Kapas arrivals at 15,250 bales on May 1...
Cotton stays unchanged in Maharashtra on limited buying...
Copyright © CC Commodity Info Services LLP. All rights reserved.