Agri Business

India allows imports of extra 5.5 lakh tonnes of genetically modified soymeal

Reuters | Updated on: Apr 30, 2022

The shipments need to be imported before September 30, according to the government order

India has allowed imports of an extra 5,50,000 tonnes of genetically modified (GM) soymeal, according to a government order seen by Reuters, to help the poultry industry reeling from a surge in local prices of the important animal feed.

The shipments need to be imported before September 30, according to the government order. The government in August 2021 relaxed import rules to allow the first shipments of 1.2 million tonnes of GM soymeal to help the poultry industry after animal feed prices tripled in a year to a record high.

Traders sign deals

Traders managed to sign deals to import only about 6,50,000 tonnes of soymeal against the permitted 1.2 million before the deadline for overseas purchases expired on October 31, 2021. Now, the government has allowed traders to import the remainder 5,50,000 tonnes of GM soymeal.

In 2021, the All India Poultry Breeders Association had asked the government to allow imports of 5,50,000 tonnes of the feedstuff. Opposing the permission to import more GM soymeal, the Soybean Processors Association of India said the government should not allow any lab-altered feedstuff, as the country does not let farmers grow any GM food products.

Published on April 30, 2022
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