The ministry of agriculture has proposed imposition of additional export duty on deoiled rice bran, to ease the supply of animal feed and bakery ingredient, in the domestic market. Production of deoiled rice bran in 2011-12 was estimated at 8-8.5 million tonnes of which around 170,000 tonnes or two per cent would be exported. “The export currently carries a duty of 10 per cent but the domestic price of animal feed is increasing, a significant input in composition of prices of milk and poultry. On the other hand, domestic prices of milk and poultry are consistently increasing. Therefore, there is no reason why India should export deoiled rice bran when the demand in the domestic market is high, going by the prices of animal feed,” explained an official source.
Source: Business Standard
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