HS Code:
The category 'Bran, sharps (middlings) and other residues, whether or not in the form of pellets, derived from the sifting, milling or other working of cereals or of leguminous plants' (HS Code: 2302) includes by-products from the processing of cereals and leguminous plants. These products are primarily used as animal feed due to their high fiber and nutrient content. This category encompasses residues such as bran from wheat, rice, and other grains, as well as residues from leguminous plants like lentils and chickpeas. These products are traded globally, with significant demand in the livestock and aquaculture industries.
Total Trade Volume
USD 10.5 billion
Data from 2022
Source
United Nations Comtrade Database
USD 1.8 billion
17.1% of total trade of total trade
Increasing
USD 1.2 billion
11.4% of total trade of total trade
Stable
USD 950 million
9.0% of total trade of total trade
Increasing
USD 800 million
7.6% of total trade of total trade
Stable
USD 700 million
6.7% of total trade of total trade
Increasing
Average Rate
5.2%
Highest Rate
15% (imposed by certain developing countries to protect local feed industries)
Lowest Rate
0% (under free trade agreements such as EU internal trade and USMCA)
Increasing demand for sustainable animal feed
Growing preference for cereal residues as a cost-effective and environmentally friendly alternative to traditional feed ingredients like soy and corn.
2021-2022
Rising livestock production in Asia-Pacific
Significant increase in imports of bran and residues in countries like China and Vietnam to support expanding pork and poultry industries.
2020-2022
Technological advancements in pelletizing
Improved storage and transportation efficiency of residues in pellet form, boosting trade volumes in regions with logistical challenges.
2019-2022
The European Union introduced stricter regulations on contaminants in animal feed, including cereal residues, to ensure safety in the food chain.
March 2023
Exporters to the EU market must comply with new testing and certification requirements, potentially increasing costs but ensuring higher quality standards.
As part of Phase One trade deal implementation, China reduced tariffs on certain US agricultural residues, including wheat bran, to meet domestic feed demand.
January 2023
Boosted exports from the US to China, strengthening trade ties and benefiting American farmers.
Argentina invested in new milling facilities to increase the production of cereal residues for export, targeting markets in Southeast Asia.
October 2022
Increased supply from Argentina may lead to competitive pricing in the global market, benefiting importing countries.