Govt urged to reconsider export ban on rice branGovt urged to reconsider export ban on rice bran by admin- Wednesday, August 2nd, 2023 06:34:46 AM
Solvent extractors’ association cautions in opposition to extending export ban on rice bran past November 30
Urging the Government to rethink its ban on export of de-oiled rice bran, the Solvent Extractors’ Association (SEA) of India counseled in opposition to extending it beyond November 30, given the onset of the new season in October.
In a letter dated August 1, addressed to Union Commerce and Industry Minister Piyush Goyal, Union Agriculture and Farmers’ Welfare Minister Narendra Singh Tomar, and Union Fisheries, Animal Husbandry and Dairying Minister Parshottam Rupala, SEA President Ajay Jhunjhunwala stated the ban should have far-attaining negative consequences for multiple sectors.
In a notification dated July 28, the Directorate-General of Foreign Trade (DGFT) had said that “export of de-oiled rice bran beneath ITC HS code 2306 and beneath some other HS code is illegal till November 30”.
Jhunjhunwala stated the export restriction should avert paddy farmers from getting better returns on their produce.
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India has successfully developed an export market for de-oiled rice bran ordinarily serving Vietnam, Thailand, Bangladesh and other Asian countries, positioning itself as a dependable supplier within the global marketplace. An abrupt exchange in the export policy risks destructive this difficult-earned standing, he said.