Export Subsidy Proposed for Rice Bran Products

Industry: Agriculture & Livestock, Agro

The Commerce Ministry of Bangladesh has recommended a subsidy for the export of six rice bran-based items to support producers facing competitive pressures. These items, including rice bran oil (both crude and refined), de-oiled rice bran (DORB), rice bran fatty acid, and rice bran oil cake, would join a central bank list of agro products eligible for a 20% export subsidy. The ministry argues that rice bran oil production exceeds that of palm and soybean oils. The move aims to sustain the emerging domestic sector, especially as export duties recently increased from 10% to 25%. Bangladesh seeks to boost rice bran oil production and reduce reliance on soybean and palm oils amidst rising edible oil prices.

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