Indias meat export rises to 13.53 lakh tonnes in 2016-17: Sitharaman
The Dollar Business Bureau Meat exports from India rose to 13.53 lakh tonnes in the financial year 2016-17 from 13.36 lakh tonnes a year ago, Commerce and Industry Minister Nirmala Sitharaman informed the Parliament on Wednesday. However, in value terms, exports dropped to Rs.27,184 crore in 2016-17, compared to Rs.27,528 crore in 2015-16. “The Commerce Ministry has received no complaint with regards to the prevention of production of leather and meat, Sitharaman said in a written response to the Rajya Sabha. However, the export of buffalo meat was declined, according to the data, she said. During April-May period of 2016-17, buffalo meat export was $554 million whereas it stood at $530 million during the same period this ...
Preventive trade policies restrict export of key agri commodities: study
The Dollar Business Bureau The trade policy of India on agriculture has a pro-customer prejudice which indirectly taxes farmers by putting export curbs on different crops, according to a study. The domestic prices of major agricultural items were below that of export prices in most of the years during the period 2004-2014, a joint study by The World Bank and Indian Council for Research on International Economic Relations (ICRIER) on Tuesday revealed. Policy makers have used preventive trade policies to maintain the domestic prices low in most of the years, the study found after an analysis of domestic prices deviation from global prices. The study on ‘Price Distortions in Indian Agriculture’, analysed global and domestic prices of 15 agri commodities for a 10-year period between ...
India-China talks to focus on reducing trade deficit
The Dollar Business Bureau Amid India’s mounting trade deficit with China, India is holding bilateral trade talks with China urging it to allow greater market access for several Indian products including buffalo meat. “Not just buffalo meat, but there are many other issues on which market access is not available, and we have been talking with them on every such item so that legitimate exports from India will have to find market access in China, and the work is going on,” Commerce Minister Nirmala Sitharaman said when replying to a query in Lok Sabha. Sitharaman met Chinese vice-minister for the ministry of finance and commerce Wang Shouwen and conveyed India’s concerns about the mounting bilateral trade deficit. Sitharaman underscored that China needs to find ...
1 Product, 2 nations, 3 months, 4ever?
Shivani Kapoor | The Dollar Business When Russia shut its doors on the US and European Union for food imports in retaliation for western sanctions, India eyed a window of opportunity for making its presence as an exporter of buffalo meat and dairy products to the country. India, to an extent succeeded in achieving a rare feat – country’s entry into Russian meat market – after the latter allowed import of buffalo meat earlier this year. But India’s attempt to seize the opportunity to unlock Russia’s meat market was short lived as the European nation imposed a temporary restriction on the import of buffalo meat from India (one of the world’s largest exporter) starting June 22 following foot-and-mouth disease (FMD) ...
Russia to import carabeef from India
The Dollar Business Bureau Russia has allowed carabeef (buffalo meat) imports from India, following talks between phyto-sanitary watchdog Rosselkhoznadzor and India’s Agricultural and Processed Foods Export Development Authority (APEDA) which falls under the Ministry of Commerce and Industry of India. The move comes a few days ahead of Russian President Vladimir V. Putin’s visit to India. Rosselkhoznadzor said that it, in cooperation with the Ministry of Agriculture of Kazakhstan, has included some Indian exporters on its buffalo meat import list. The companies included in the customs territory of the Customs Union are Fair Exports Pvt.Ltd, Frigerio Conserva Allana Limited, Frigorifico Allana Limited, and Amroon Foods Pvt. Ltd. Source - APEDA Indian officials have been in talks with Russia over ...
