DDGS supply lowers protein feed prices in India, boosting feed mill profits

noted that despite India’s October 3 decision to lift the export ban on de-oiled rice bran (DORB), market conditions have not improved, as the oversupply of DDGS continues to displace traditional protein ingredients in feed formulations. Production of both corn- and rice-based DDGS is rapidly increasing in India, as the government pushes to achieve a 20% ethanol blending target in fuel by the 2025/26 season. As a result, feed mills are replacing 10–15% of their protein needs with DDGS. “In poultry rations, DORB accounts for less than 10% of the mix, and DDGS has already captured nearly half of that share. Overall, DDGS represents up to 30–40% of the protein feed segment and 10–15% of total feed ingredients,” Agarwal explained. The low production cost of DDGS is putting downward pressure on the broader protein feed market, including soybean meal ...