Ceiling on storage of maize and soya
India's National Egg Co-ordination Committee (NECC) has
asked the government to impose ceiling on the storage volume of maize and soya
meal so that excess stock can be put into the market to lower
The Namakkal zone of NECC points out that the poultry industry in general,
and small farmers in particular, are facing the worst crisis due to the
unprecedented increase in the cost of these essential feed ingredients,
crippling the economic viability of the farmers.
The increase in the prices of these ingredients, despite a substantial
increase in production of maize from 14 mln t in 2007 to 18.4 mln tonnes during
the current year, has occurred mainly because of the forward trading in maize,
speculation and hoarding by traders.
The industry fears that unless the government takes steps to bring these
stocks down, the commodities may not be available to the farmers.
The Hindu reports that countries like Argentina, which is a big exporter of
maize, has imposed a duty on maize exports so as to keep the domestic prices in
control. Additionally, Brazil has also stopped exporting maize.
Meanwhile, India has started exporting higher quantities of maize. Unless
the situation is remedied immediately, 40-50% of the poultry industry may close
down, it is reported.
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