In a bid to cool down the domestic prices of Soya Meal, Government has notified an Order under the Essential Commodities Act to declare ‘Soya Meal’ as an Essential Commodities up to 30th June, 2022 by amending the Schedule of the Essential Commodities Act, 1955. Government of India has issued a landmark Order where it has mentioned that in the Essential Commodities Act, 1955, in the Schedule, after serial No. (8), the following item shall be added, “(9) Soya Meal”.
The decision would empower the Union Government and all States/UTs to regulate production, distribution etc. of Soya Meal and to smoothen the sale and availability of this item in the market. It will stop unfair market practices and enhance the availability for consumers like Poultry farm and Cattle feed manufacturers.