Poultry industry seeks extension of loans, import of GM soybean
The Hindu
Farmers battered by pandemic and rising raw material costs, says Association
After facing crushing losses for the past 18 months due to the pandemic, the poultry industry is demanding that the Central government permit the import of crushed genetically modified (GM) soy seeds for captive consumption of farmers. With the sector bedevilled by increasing production costs, misinformation regarding the link between poultry and avian flu outbreaks, COVID-19-induced restrictions and natural calamities, skyrocketing prices of raw materials like soybean (which constitutes 25% of poultry feed) and maize (which constitutes 60%) in the last one year have only compounded the woes of the poultry farmers.
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