India is racing ahead in the export of buffalo meat, ironically, as more states in the country are enforcing a strict ban on slaughter of cows and bullocks. A latest report by the United States department of agriculture (USDA) states India has widened lead over Brazil as the top global beef exporter.
Revising its October prediction by 3 per cent, the report released this month forecasts that global beef exports will touch a record 10.2 MT in 2015.
Despite a reduction in the imports by a number of oil-reliant countries including Russia due to shrinking oil revenues and weaker currencies, the exports will peak riding on larger shipments from India and to a lesser extent from European Union and Paraguay offsetting declines by Brazil, Uruguay and the US, says the report. With Russian market opening up to Indian buffalo meat export, the shipments are expected to increase in the current fiscal. Russia has approved four companies in India for supply of meat and the first consignment has already been shipped.
Data by Agricultural and Processed Food Products' Export Development Authority (Apeda) shows buffalo meat has already overtaken basmati rice as the largest exported commodity in the agri food category in terms of value.
For eleven months to February, Indian buffalo meat exports clocked 13,56,794 tonne valued at Rs 26,965 crore recording a 11 per cent rise in quantity and 13 per cent jump in value terms. Full story...
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Revising its October prediction by 3 per cent, the report released this month forecasts that global beef exports will touch a record 10.2 MT in 2015.
Despite a reduction in the imports by a number of oil-reliant countries including Russia due to shrinking oil revenues and weaker currencies, the exports will peak riding on larger shipments from India and to a lesser extent from European Union and Paraguay offsetting declines by Brazil, Uruguay and the US, says the report. With Russian market opening up to Indian buffalo meat export, the shipments are expected to increase in the current fiscal. Russia has approved four companies in India for supply of meat and the first consignment has already been shipped.
Data by Agricultural and Processed Food Products' Export Development Authority (Apeda) shows buffalo meat has already overtaken basmati rice as the largest exported commodity in the agri food category in terms of value.
For eleven months to February, Indian buffalo meat exports clocked 13,56,794 tonne valued at Rs 26,965 crore recording a 11 per cent rise in quantity and 13 per cent jump in value terms. Full story...
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- ‘Thou shall not indulge in steaks’: Indian state to hand out 3-yr jail terms...
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- An essay on the Indian cow! Hilarious!
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