Government Extends Export Prohibition on De-Oiled Rice Bran until March 2024
Published on: December 11, 2023.
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The government has decided to extend the ban on exporting de-oiled rice bran, which is widely used in the production of cattle and poultry feed. The ban, which was originally implemented in July of this year, will now remain in effect until March 31, 2024, according to a notification issued by the directorate general of foreign trade.
Experts believe that the rise in feed prices is a significant factor contributing to the increase in milk prices in the country. By imposing a ban on the export of de-oiled rice bran, the government aims to ensure a greater availability of this essential product in the domestic market, which could help stabilize the rates.
However, the Solvent Extractors Association of India has expressed concerns over the potential impact of the export ban on the prices of cattle feed and milk. They have urged the government to reconsider its decision, arguing that the ban is likely to have minimal effects on the market.
In the production of cattle feed, approximately 25 percent of rice bran extraction is typically used. This highlights the importance of this commodity in the livestock industry.
Overall, the ban on the export of de-oiled rice bran aims to address the issue of increasing milk prices by promoting the availability of the product in the domestic market. However, there are differing opinions on the efficacy of this measure, with industry associations calling for a reconsideration of the ban.
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