Mumbai, The Compound Livestock Feed Manufacturers Association on Friday raised concerns over a shortage of soybean meal, a key protein ingredient in animal feed, saying the supply crunch is driving up feed costs and putting pressure on the poultry, aquaculture and livestock sectors.
Soybean meal prices have increased by over 40 per cent in recent weeks to around Rs 65-66 per kg, increasing the cost of feed production and impacting farmers across the animal protein value chain, the Compound Livestock Feed Manufacturers Association (CLFMA) said in a statement.
