New
Transform your trade strategies with Market Brief, Tridge’s AI-powered market insights.

India: Edible oil industry urges Centre not to extend export ban on de-oiled rice bran

Published May 26, 2024

Tridge summary

The Solvent Extractors Association of India (SEA) has appealed to the Indian government not to extend a ban on the exports of de-oiled rice bran (DORB), a by-product of the rice milling process often used as livestock feed, which was imposed to address inflation in milk prices and fodder costs. India exports about 5 to 6 lakh tonnes of DORB annually to countries like Vietnam and Thailand. The SEA cites the recent decrease in DORB prices as a reason for lifting the ban, effective July 31, 2024. However, India's overall oilmeal exports, a by-product of oilseed processing used in livestock feed, saw a 6% year-over-year decrease in April 2024 due to the ban on DORB exports.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

New Delhi [India], May 26 (ANI): Edible oil industry body Solvent Extractors Association of India (SEA) has requested the central government not to extend the ban on the exports of de-oiled rice bran, which is presently under prohibition. The move was intended apparently to address inflation in milk prices and fodder costs. De-oiled rice bran (DORB) is a by-product of the rice milling process that’s made from the pressed cake of rice bran after oil is extracted from it. It is widely used as livestock feed. India typically exports about 5 to 6 lakh tonnes of de-oiled rice bran, primarily to Vietnam, Thailand, and other Asian countries, establishing itself as a reliable supplier in the international market. “De-oiled rice bran prices are now at a lower level and are likely to decrease further with increased availability of DDGS. In light of these facts and the sharp fall in prices, the Association has appealed to the government not to extend the prohibition beyond July 31, 2024,” as ...
Source: Theprint
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.