India bans the export of rice bran extract

According to the Vietnam Trade Office in India, on July 28, 2023, The Directorate General of Foreign Trade of India issued Notice No. 21/2023 banning the export of de-oiled rice bran (DORB), effective immediately and lasts until November 30, 2023.

The development comes after more than a week when India banned the export of non-Basmati rice. This decision was made in the context of a significant increase in the domestic price of milk and dairy products due to the soaring price of animal feed, in which the main ingredient is deoiled rice bran (DORB) or rice bran extract, a major ingredient in animal, poultry and fish feed.

According to data from the Ministry of Industry and Trade of India, in the first 5 months of 2023, India exported 288 thousand tons of extracted rice bran, down 21.54% over the same period. Which, the amount of bran exported to Vietnam reached 155.9 thousand tons, accounting for 54.13% of the total export volume of India.

India's ban on rice bran exports takes effect immediately and will have an impact on rice bran export contracts that have not yet been delivered. In particular, Vietnam is a country that imports a large amount of rice bran from India, so it will cause risks for businesses importing in Vietnam. Therefore, the Vietnam Trade Office in India suggested that Vietnamese importers quickly work with export partners in India to view item status and solve problems on a contract basis.