Loading…
India's Department of Food and Public Distribution has asked the revenue department to impose a 5% GST on de-oiled rice bran. Rice bran and de-oiled bran look alike and are currently sold to animal feed producers tax-free.
A 5% GST would raise the cost of de-oiled rice bran for feed buyers and push more bran toward oil extraction. That would reduce feed-grade bran supply in India.
taxscan.inFeb 13, 2021After 468 past policy events, Rough Rice moved a median +0.3% over 5 sessions (53% higher; middle half -2.0% to +2.0%), and +0.1% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
