Dhaka, Oct. 5 -- India on Friday lifted its ban on exports of de-oiled rice bran with immediate effect, ending restrictions that had been in place for more than two years, the government said.Before the ban was imposed in July 2023, India exported 500,000 metric tons of de-oiled rice bran per year, worth about 10 billion rupees, mainly to Vietnam, Thailand, and other Asian countries.

The resumption in exports will lead to higher production of both de-oiled rice bran, which is used in the cattle feed industry, and rice bran oil, industry officials said.Prices of de-oiled rice bran have fallen by half since July 2023 to about 10,000 Indian rupees ($113) per ton, according to the Solvent Extractors' Association of India (SEA).B.V. Mehta, ex...