According to a government order issued on Friday, India allowed imports of genetically modified (GM) soy meal through three additional ports, facilitating large-scale purchases of the animal feed from abroad.
Last month, New Delhi allowed for the first time the import of genetically modified soy meal to assist the poultry sector, which is reeling from a steep increase in local soy meal prices that tripled in a year to a record high.
However, the central government only allowed the purchase from abroad of animal feed through the Nhava Sheva Port, which was mainly for containers. According to traders, the restriction slowed imports.
According to the government order issued on Friday, traders can now import soy meal via the Mumbai Sea Port, the Tuticorin Sea Port, and the Visakhapatnam Sea Port, in addition to the Nhava Sheva Port.
According to Reuters, the Indian government has agreed to import 2,50,000 tonnes of soy meal, including 15,000 tonnes shipped by Indian dealers just two months ago.