I think Rice Bran and Maize are also major raw materials used in animal feed segment. You can refer 2023 Annaul report.
As per my knowledge, rice bran , maize are at elevated levels. They have softended a bit but stalilized at higher levels.As the monsoon is below average in south India and excess in North need to see how prices move going farward.
Also India has banned export of rice bran to control the infaltion of animal feed. This is helping manufacturers a bit. Coconut prices are inching up slowly (I feel this also will have an impact on copra in coming days).
Copra prices have it rock bottom in South India. Selling way less than the MSP price. Farmers did protest in few places of Karnataka recently against the price collapse (you can Google for more info).
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