India Lifts Ban on De-Oiled Rice Bran - A Boon for Agro-Processing Exports
The Solvent Extractors' Association of India praises the lifting of the ban on de-oiled rice bran, forecasting benefits for the rice milling industry and prospects for enhanced agro-processing exports. India's reputation as a dependable supplier is expected to solidify, especially in markets like Vietnam and Thailand.
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- India
The government's recent decision to lift the ban on de-oiled rice bran export has been met with approval from the Solvent Extractors' Association of India (SEA). The association indicates that this move is set to bolster the rice milling and solvent extraction industry, especially in eastern regions.
The policy shift promises enhanced profitability for farmers and processors by creating new export opportunities for rice bran byproducts. It also anticipates increased domestic processing and production of rice bran oil, serving as a potential substitute for imports.
According to SEA Executive Director B V Mehta, India's previous standing as a reliable supplier in the international market will be reaffirmed. Prior exports of 5-6 lakh tonnes of de-oiled rice bran, mainly to Southeast Asia, could soon resume, helping the industry regain its Rs 1,000 crore annual business.
(With inputs from agencies.)
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