Rice bran oil is also produced in India with paddy production. In such a situation, the cake that emerges from it is also stored in the form of parallel product, which is used to create animal and poultry fodder. The central government has banned the export of rice cake since 2023. In such a situation, its storage is a challenge for processors. Meanwhile, the Solum Diplomation Association (SEA) has now demanded the removal of the surplus shares from exporting the government from the export of rice salumi cake on Wednesday.
Processors who are fighting for settlement
Rice cake is mainly used as fodder for cattle and poultry farming. Due to the ban, the oil processors are struggling to remove the rice, which is forced to stop work or reduce the ability. Because of this, both the rice grinding industry and the production of rice bran oil are affected.
Shipment is prohibited until September 30, 2025
The government banned the export of rice cake on July 28, 2023 and extended it several times – the most recent government announced on February 2025 and extended the ban until September 30, 2025.
The sea gave these arguments to the government
The export of surplus rice cakes argued that efficient permits, continuous processing, capability use, maintaining vegetable oil production, increased employment and foreign currency income.
India has created markets in these countries
For more than three decades, oil -free rice Umi India has created strong export markets in Vietnam, Thailand, Bangladesh and other Asian countries. The ban has given competitors the opportunity to come forward, which threatened India’s status as a trusted supplier.
Cotton seed oil has increased the price of cake
At the same time, the price of the cotton seed oil cake on Wednesday in the future trading rose from Rs. 11 to Rs. In NCDEX, the price of the cotton seed oil cake for May Delivery delivery rose by Rs 11 or 0.38 per cent to the Quantic to Rs 2,900 per Quantry to 85,110 seats. In the midst of the increase in demand for animal fodder, the prices of cotton seed oil cake have increased due to increased levels of their contracts by participants, according to market sources. (PTI)
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