Search Result for : Beef Exports

The Dollar Business Under a bilateral trade deal between US and China, cooked chicken will be reaching the US shores soon. The deal inked in May, was in exchange of US beef being exported to China and getting cooked chicken in return. This development came after China decided to lift its ban (imposed in 2003) on US beef, after US beef producers were locked out from accessing the huge beef loving Chinese market, due to the spreading of mad cow disease in the bovines, spurring Japan, Mexico and South Korea halting the product from entering their shores. The lifting of the beef ban was big news for US beef exporters as the greater Chinese region (included Hong Kong and Vietnam) is a $7 ...

The Dollar Business Bureau Goa Chief Minister Manohar Parrikar said on Tuesday that the state-run slaughterhouses produces about 2,000 kg of beef a day and the additional demand for beef in the state is met by importing it from neighbouring state like Karnataka. In a reply to question by a BJP member in state assembly, over the beef quality supplied by the neighbouring state, Parrikar said that the beef procured from Karnataka would be put to proper process of inspection. “Approximately 2,000 kg beef is produced per day at the state abattoir - the Goa Meat Complex Limited, while rest of beef is brought in from Karnataka,” said the Chief Minister, who also holds the portfolio of animal husbandry. “The projected beef sale in the ...

The Dollar Business Bureau  The US announced on Thursday the suspension of all beef product imports with immediate effect, from Brazil- the largest beef producing Latin American country- due to safety reasons. The decision was taken three months after a big scandal into the allegations of bribing meat inspectors hit the meat industry in Brazil and prompted various nations to halt imports temporarily. Since March this year, US inspectors have declined entry to 11% of fresh beef products from Brazil, around 1.9 million pounds, said US Agriculture Secretary Sonny Perdue in a statement to the media. “That figure is considerably higher as compared to the rejection rate of 1% of imports from other countries of the world,” he said. The suspension will continue to be ...

The Dollar Business Bureau Chinese Premier Li Keqiang's upcoming visit to Australia is likely to see the already flourishing economic cooperation between the two countries make further progress. Officials anticipate new opportunities for strengthening of bilateral cooperation in China's pet modern Silk Road project, comprising of the 21st Century Maritime Silk Road and the Silk Road Economic Belt. China, as is the case with most countries, is also the largest trading partner of Australia. In 2015-16, China accounted for 26.5% of Australia's total merchandise trade. While exports to China made up 30% of its total exports, imports from China stood at 22.6% of total imports, a share greater than any other country. Last year, their bilateral trade reached $108 billion. China-Australia Free Trade Agreement (ChAFTA), a landmark trade facilitation agreement between the ...

The Dollar Business Bureau   Notwithstanding the controversy over beef consumption in India, the country’s beef export is projected to grow at a compounded annual growth rate (CAGR) of 8% over the next five years. India’s beef exports would reach close to Rs.40,000 crore over the next five years, ICRA said in a report. “In the long term, ICRA expects buffalo meat exports to continue to report healthy growth, driven by improving infrastructure, a sizeable buffalo population the relatively lower price of Indian buffalo meat, and steady demand in the international market,” said Sabyasachi Majumdar, Senior VP, ICRA. Indian buffalo meat exports have surged at a CAGR of 29% to Rs 26,682 crore in 2015-16 from Rs.3,533 crore in 2007-08. The country’s beef exports have accounted ...

The Dollar Business Bureau India, being the largest beef exporter, is unlikely to challenge American beef exports because of the low quality of meat and absence of appropriate animal healthcare guidelines, says the US Department of Agriculture. The Indian meat, though is relatively low cost and is non-competitive to US meat exports as the meat does not comply to animal health regulations, which is a growing concern in key markets, said the official report about beef exports from India. The Indian beef does not meet health standards including mouth and foot disease-free grade, required by markets which import beef and meat from US. In the markets shared by US and India, the products cater to the needs of different consumer segments. About 90% of the ...