India bans export of rice bran extract

According to the Vietnam Trade Office in India, on July 28, 2023, the General Department of Foreign Trade of India issued Notice No. 21/2023 on banning the export of Deoiled Rice Bran Extraction (DORB). effective immediately and lasts until November 30, 2023. The development comes after more than a week, when India banned the export of non-Basmati rice. This decision was made in the context of a significant increase in the domestic price of milk and dairy products due to the soaring price of animal feed, in which the main ingredient is rice bran extracted rice bran (DORB) or rice bran extract. , a major ingredient in animal, poultry and fish feed. According to data from the Ministry of Industry and Trade of India, in the first 5 months of 2023, India exported 288 thousand tons of extracted rice bran, down 21.54% over the same period. In which, the amount of bran exported to Vietnam reached 155.9 thousand tons, accounting for 54.13% of the total export volume of India. India's ban ...