Rice Bran Oil Export Gets Govt Nod After Previous Ban

Date:

Post View:

Rice Bran Oil Export Gets Govt Nod After Previous Ban

The government has permitted 23 producers to export a total of 58,000 tonnes of rice bran oil, with approvals valid until November 30, 2025, according to a circular issued by the Ministry of Commerce on Tuesday.

Each producer is allowed to export between 500 and 10,000 tonnes, under non-transferable authorizations. Exporters must comply with the Export Policy 2024–2027, and all shipments will be subject to physical inspection by customs authorities. The commerce ministry also reserves the right to suspend exports at any time.

The move follows the lifting of an earlier export ban in 2022, as domestic demand declined. Industry data shows that Bangladesh’s rice bran oil mills have a combined production capacity of 1.63 million tonnes annually, while local consumption remains relatively low but is gradually rising, according to the Bangladesh Rice Bran Oil Mills Association (BRBOMA).

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

spot_img

Popular

More like this
Related

BSEC approves GSP Finance independent director

The Bangladesh Securities and Exchange Commission (BSEC) has approved...

Islami Bank faces deposit pressure amid management turmoil

Islami Bank Bangladesh, the country's largest private-sector bank, is...

BTRC weighs Tk 500 emergency balance limit

The Bangladesh Telecommunication Regulatory Commission (BTRC) is considering allowing...

Govt orders land mutation, tax payment to curb encroachment

The government has directed private landowners to complete mutation...