Key facts
- Animal feed makers are experiencing a critical shortage of soybean meal.
- Soybean meal prices have risen by more than 40 percent, reaching approximately Rs 65-66 per kg.
- The increased cost of soybean meal is escalating production expenses for animal feed.
- The poultry, aquaculture, and livestock sectors are facing pressure due to higher feed costs.
- For the aquaculture sector, feed accounts for 50-60 percent of production costs.
Animal feed manufacturers are grappling with a significant shortage of soybean meal, a crucial protein component for animal feed. This scarcity has led to a price surge of over 40 percent, substantially increasing production costs. The escalating prices are placing considerable pressure on the poultry, aquaculture, and livestock industries.
The Compound Livestock Feed Manufacturers Association (CLFMA) stated that soybean meal prices have climbed to approximately Rs 65-66 per kilogram in recent weeks. This rise in input costs directly affects the profitability and productivity of farmers across the animal protein value chain.