India Imposes Export Ban on De-Oiled Rice Bran, Affecting Global Markets
05 FEB 2025 | SOURCE https://agriguruonline.com/
India Halts Export of De-Oiled Rice Bran Until September 2025
In a notable policy change, India has announced a temporary halt on the export of de-oiled rice bran. As per Notification No. 56/2024-25, issued by the Directorate General of Foreign Trade under the Ministry of Commerce & Industry, this ban will be in place until September 30, 2025.
The revised export policy aims to ensure enough supply within India and to stabilize local markets. This means that the export of de-oiled rice bran, along with some other residues and oil-cake types, will be restricted during this time.
Globally, this decision is likely to have significant effects. India is a key supplier of de-oiled rice bran, which is widely used in animal feed and various industries. Countries depending on these exports may face shortages and increased costs, prompting them to seek alternative sources. As a result, global trade patterns could shift, and prices for similar agricultural products may fluctuate.
This move underscores India's focus on prioritizing domestic needs amid changing agricultural production and market conditions. Businesses involved in agriculture and trade will need to adjust their strategies accordingly to navigate these new regulations.
