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

The government has extended the ban on exporting de-oiled rice bran, a key component in cattle and poultry feed, until March 31, 2024. The move aims to stabilize domestic feed prices and curb the rise in milk prices. Experts suggest the ban will e...

ANI
(Representative image)
The government has extended the export ban on de-oiled rice bran, a major ingredient in 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, 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.


However, 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, in cattle feed, about 25 per cent rice bran extraction is used.
Download
The Economic Times Business News App
for the Latest News in Business, Sensex, Stock Market Updates & More.
Download
The Economic Times News App
for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
READ MORE
ADVERTISEMENT

READ MORE:

LOGIN & CLAIM

50 TIMESPOINTS

More from our Partners

Loading next story
Business News › News › Economy › Foreign Trade › Govt extends export ban on de-oiled rice bran till March 2024
Text Size:AAA
Success
This article has been saved

*

+