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Thursday, February 10, 2011
Business

Bangladesh exports rice-bran oil to India

Bangladesh has recently started to export rice-bran produced oil to India through Benapole port.

Rice millers in Northern districts of Bangladesh have been exporting rice-bran to India for many years. This is the first time they are supplying the oil to the neighbour, on a move to capture the product's Indian market to the full.

Export of the oil to India is increasing by the day as the oil has huge demand there, said Abdul Mannan Sikder, Benapole customs commissioner. “In last one month, 215 tonnes of such oil worth of Tk 1.35 crore was exported to India,” Sikder added.

KBC Agro Ltd exported the oil to two Indian companies -- Bengal Oil India Ltd and Phoenix Overseas Ltd in Kolkata through the Benapole port, said an official of the customs cargo department.

A tonne of rice-bran oil was priced at $900 or around Tk 65,000 in Benapole customs house, said Abdul Aziz, Benapole customs export section joint commissioner.

There is huge demand for rice-bran oil in India, said Profulla Kumar, a representative of Phoenix Overseas. “We will import more of it from Bangladesh.”

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