NEW DELHI: On Friday, the Directorate General of Foreign Trade (DGTD) issued a notification, stating that the government has imposed a ban on the export of de-oiled rice bran until November.

The DGFT's notification specifically stated, "Export of de-oiled rice bran under ITC HS code 2306 and under any other HS code is prohibited until November 30, 2013."

This decision was taken after more than a week since the Centre already prohibited the export of non-basmati white rice. The primary reason behind this move is the significant increase in domestic milk and milk product prices due to soaring fodder costs. Notably, de-oiled rice bran (DORB) or rice bran extraction plays a crucial role in cattle, poultry, and fish feed, making it a vital ingredient. Cattle feed, for instance, relies on about 25 per cent of rice bran extraction.

The prices of de-oiled rice bran (DORB) have seen a substantial surge, reaching ₹18,000-18,500 per tonne from ₹5,000 per tonne in just a few weeks due to supply constraints. India is a prominent exporter of de-oiled rice bran, primarily used in the cattle feed industry.

Simultaneously, the International Monetary Fund (IMF) has advised India to lift export restrictions on non-basmati rice. The Indian government had already imposed a ban on the export of non-basmati white rice on July 20 to ensure adequate domestic supply and stabilize retail prices during the upcoming festive season. This non-basmati rice export constitutes approximately 25 per cent of the country's total rice exports.

The food ministry clarified that there would be no changes in the export policy of par-boiled non-basmati rice and basmati rice, which together form the bulk of India's rice exports, as stated in an earlier report.

During a press conference, Pierre-Olivier Gourinchas, the Chief Economist of IMF, expressed concerns that such restrictions could potentially exacerbate food price volatility in the global market.

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