Soya Meal – UPSC Prelims

Soya Meal:
  • Soybean meal is the by-product of the extraction of soybean oil.
  • It is the most important protein source used to feed farm animals.
  • It is also used for human consumption in some countries.
  • Why in News? Government of India has declared Soya Meal as an Essential Commodity till 30th June, 2022 under the Essential Commodities Act 1955.
  • Impact of declaring Soya Meal as an Essential Commodity:
    • 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.
    • This will also enhance the availability of the commodity for consumers like poultry farms and cattle feed manufacturers.