Export ban on de-oiled rice bran extended till Mar '24
The export ban on de-oiled rice bran, a major ingredient in preparation of cattle and poultry feed, has been extended till March 31 next year, according to a DGFT notification.
The export ban on de-oiled rice bran, a major ingredient in preparation of cattle and poultry feed, has been extended till March 31 next year, according to a DGFT notification.
"Export prohibition of de-oiled rice bran is extended till March 31, 2024," the Directorate General of Foreign Trade said in its notification. It was first banned in July this year.
According to experts, rise of prices of the feed is one of the major reasons for increasing milk prices in the country and putting a ban on the exports can help increase availability of the product in the domestic market, thereby containing rates.
Edible oil industry body, Solvent Extractors Association of India had earlier asked the government to reconsider its decision on banning the exports as the move is likely to have minimal impact on the prices of cattle feed and milk.
As per estimates, about 25 per cent rice bran extraction is used in cattle feed.
