ETV Bharat / state

Govt extends export ban on de-oiled rice bran till March 2024

The export ban on de-oiled rice bran has been extended till March 31, 2024, by the government.

author img

By PTI

Published : Dec 11, 2023, 12:30 PM IST

Govt extends export ban on de-oiled rice bran till March 2024
Representative image

New Delhi: The government has extended the export ban on de-oiled rice bran, a major ingredient in the preparation of cattle and poultry feed, till March 31 next year, according to a notification. It was first banned in July this year.

"Export prohibition of de-oiled rice bran is extended till March 31, 2024," the directorate general of foreign trade has said in a notification. According to experts, the rise of prices of feed is one of the major reasons for increasing milk prices in the country and putting a ban on exports can help increase the availability of the product in the domestic market, thereby containing rates.

However, the Solvent Extractors Association of India had earlier asked the government to reconsider its decision to ban the exports as the move is likely to have minimal impact on the prices of cattle feed and milk. As per estimates, in cattle feed, about 25 per cent of rice bran extraction is used.

Read More

  1. India's gem, jewellery exports decline 11.49 pc to Rs 22,873 cr in Oct
  2. India's mango exports witness a surge of 19% in 2023, US top importer
  3. Mobile exports reach $ 8bn within 7 months of current fiscal, says Ashwini Vaishnaw
  4. Govt extends 20 pc export duty on parboiled rice till March 31 next year

New Delhi: The government has extended the export ban on de-oiled rice bran, a major ingredient in the preparation of cattle and poultry feed, till March 31 next year, according to a notification. It was first banned in July this year.

"Export prohibition of de-oiled rice bran is extended till March 31, 2024," the directorate general of foreign trade has said in a notification. According to experts, the rise of prices of feed is one of the major reasons for increasing milk prices in the country and putting a ban on exports can help increase the availability of the product in the domestic market, thereby containing rates.

However, the Solvent Extractors Association of India had earlier asked the government to reconsider its decision to ban the exports as the move is likely to have minimal impact on the prices of cattle feed and milk. As per estimates, in cattle feed, about 25 per cent of rice bran extraction is used.

Read More

  1. India's gem, jewellery exports decline 11.49 pc to Rs 22,873 cr in Oct
  2. India's mango exports witness a surge of 19% in 2023, US top importer
  3. Mobile exports reach $ 8bn within 7 months of current fiscal, says Ashwini Vaishnaw
  4. Govt extends 20 pc export duty on parboiled rice till March 31 next year
ETV Bharat Logo

Copyright © 2024 Ushodaya Enterprises Pvt. Ltd., All Rights Reserved.