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.