May 18, 2024 | 19:00 GMT +7
May 18, 2024 | 19:00 GMT +7
Hotline: 0913.378.918
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.
Translated by Hoang Duy
(VAN) Durian export value has increased sharply in recent months, combined with increased output, this year's durian exports may exceed USD 3 million.
(VAN) Vietnam's fruit and vegetable exports in 2023 reached USD 5.6 billion, an increase of 66.7% compared to 2022 thanks to a sharp increase in exports to China, the EU, and Korea.
(VAN) Vietnam hopes to expand durian exports to India, helping reduce dependence on China and opening up new development opportunities for the agricultural industry.
(VAN) Coffee prices dropped by 35,000 dong per kilogram one week after reaching a record high. However, the downward momentum is expected to be halted by ongoing concerns over coffee supply.
(VAN) The first shipment of bird's nests and Vietnamese agricultural products from Hai Yen Nha Trang Company has just been 100% cleared into France.
(VAN) This year's lychee season is considered by Bac Giang province to have the highest quality ever, with output forecast to reach 100,000 tons.
(VAN) Recently, Mavinex Joint Stock Company (a member of Mavin Group) successfully exported animal carcass processing machines to customers in the Philippines.