Oil meal exports fell by 9 percent in the first quarter

26-Jul-2024 11:30 AM

Mumbai. Data from the Solvent Extractors Association of India (C) shows that in the first quarter of the current financial year i.e. April-June 2024, oil meal exports from the country declined by 9 percent as compared to the same period last year.

The association has attributed this to the ban on the export of rice bran extraction (de-oiled rice bran).

The president of the association says that if there was no ban on its export, the export performance of the first quarter would definitely have been better than last year. 

According to the president, the domestic market price of de-oiled rice bran (DORB) has come down significantly, while due to increased supply and availability of dried distiller grain solids (DDGS), its prices are likely to fall further, due to which rice millers may have to suffer huge losses.

It is worth noting that DDGS is also used extensively in the manufacture of various types of animal feed. Currently, the export of de-oiled rice bran is banned till July 31, 2024.

The association has urged the government not to extend the ban deadline. De-oiled rice bran was exported to Vietnam and Thailand and some other countries in South-East Asia, which has been stopped for the last several months. Its demand and consumption has also decreased in the domestic sector.

Due to this, millers, especially in West Bengal, are incurring losses. Export shipment of de-oiled rice bran was taking place from Kolkata port, which has already come to a halt.