Soya Meal:
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Soybean meal is the by-product of the extraction of soybean oil.
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It is the most important protein source used to feed farm animals.
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It is also used for human consumption in some countries.
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Why in News? Government of India has declared Soya Meal as an Essential Commodity till 30th June, 2022 under the Essential Commodities Act 1955.
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Impact of declaring Soya Meal as an Essential Commodity:
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This is expected to stop any unfair practices (like hoarding, black marketing etc) in the market having the potential to hike the prices of soya meal.
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This will also enhance the availability of the commodity for consumers like poultry farms and cattle feed manufacturers.
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