Indian Government Extends De-oiled Rice Bran Export Ban Until March 2024

The Centre has extended the ban on export of de-oiled rice bran till Mar 31, the Directorate General of Foreign Trade said in a recent notification. Export of oil-cake and other solid residues, whether ground or in the form of pellets, resulting from the extraction of vegetable or microbial fats or oils is prohibited, the notification said.

On Jul 28, the government banned the export of de-oiled rice bran till Nov 30, following a sharp rise in domestic prices of dairy products.

However, the Solvent Extractors’ Association contends that de-oiled rice bran rates do not have much impact on prices of milk and dairy products.

“The ban negatively affects solvent extraction, without serving its intended purpose of reducing dairy costs as de-oiled rice bran price has the least impact on milk and dairy prices,” the association mentioned in a press release released in November.

The price of de-oiled rice bran has dropped sharply to around INR 13,500 per ton at present from INR 18,000 in August, the association said.

India exports de-oiled rice bran primarily to Vietnam, Cambodia, and Thailand, and it is used majorly as pig feed in these countries.

Source: Informist Media