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Indian Poultry Farmers Urge Soybean Imports for Cheaper Feed

26 October 2015, at 12:00am

INDIA - Indian poultry farmers have urged their government to allow them to import soybeans without tax, saying that the important feed ingredient is too expensive.

In a letter to the Prime Minister, Tamil Nadu Egg Poultry Farmers’ Federation vice-president Mr V. Subramaniyam said that the industry was unable to withstand the frequent price hike, The Hindu reported.

Despite an increase in production of soya bean in the current year, the price is on the rise in India.

Poultry farmers said that the average feed price for 75 kg have increased from Rs (Rupees) 925 in 2005 to Rs 1,458 in 2008, Rs 1,817 in 2011, Rs 2,257 in 2012 and Rs 2,105 in the current year.

Mr Subramaniyam claimed in the letter that traders are hoarding the product. “Traders refuse to sell the product and are creating artificial demands making the price to go up,” he said.

“The government can instruct the State governments to initiate action against hoarders,” he added.

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