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EDIBLE OIL INDUSTRY OPPOSES EXPORT BAN EXTENSION

The Business Guardian

|

May 27, 2024

The Association has appealed to the government not to extend the prohibition beyond July 31, 2024

EDIBLE OIL INDUSTRY OPPOSES EXPORT BAN EXTENSION

Edible oil industry body Solvent Extractors Association of India (SEA) has requested the central government not to extend the ban on the exports of de-oiled rice bran, which is presently under prohibition.

The government initially banned the export of the commodity in July 2023 for four months and later extended it until March 2024, and then again by another four months till July.

The move was intended apparently to address inflation in milk prices and fodder costs.

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