India extends rice bran export ban for four months

Published 2024년 3월 18일

Tridge summary

The Indian government has extended a ban on the export of defatted rice bran (DORB) for another four months, originally implemented to combat milk price inflation. The Solvent Extractors Association of India (SEA) has urged the government to lift the ban, citing negative impacts on processors, exporters, and rice producers. The SEA also highlighted that the ban has enabled competitor countries like Sri Lanka and Bangladesh to seize Vietnam's DORB market. Despite the ban, the SEA observed no significant reduction in milk prices nationwide.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

(By Planeta Arroz) The central government has extended the ban on the export of defatted rice bran for another four months, according to an official notification from the Directorate-General of Foreign Trade (DGFT) dated March 15. The government initially banned the export of the commodity derivative in July 2023 for four months and later extended it until March 2024. The measure was apparently intended to combat inflation in milk prices. Defatted rice bran, extracted from rice bran, is widely used as a nutritional product for feeding cattle and other animals. Edible oil industry body The Solvent Extractors Association of India (SEA) recently requested the government to lift the ban imposed on the export of the commodity derivative. In a letter to the central government, it argued that total DORB export constitutes only about 6 percent of production, and its restriction “has negatively affected processors and exporters, along with rice producers, preventing them from obtaining ...
Source: Planetaarroz

Would you like more in-depth insights?

Gain access to detailed market analysis tailored to your business needs.
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.