The government has proposed to hike the export duty on rice bran from 10% to 25% to discourage export as there is a huge demand for it in the local market.
Rice bran is the prime raw material for rice bran oil and there is a huge demand from the local rice bran industry.
Finance Minister AHM Mustafa Kamal, while presenting his budget speech in the parliament on Thursday, also proposed withdrawing the existing 10% export duty on unmanufactured tobacco, and decreasing the existing export duty on building bricks from 25% to 15%.