Basmati rice becomes Indias top exporting commodity
The Dollar Business Bureau Basmati rice has again become the top commodity to be exported from India. The popular variety of rice overcame the exports of buffalo meat to take the position of the top most exporting commodity in the April-June quarter of 2017-18. For years, Basmati rice had been the major export commodity of the country. However, since 2014-15, buffalo meat had too over the former’s position. According to reports, the reason was that all new orders were suspended earlier by Iran, which consumes more than a fourth of India’s exports Basmati rice to the world. During its harvesting season, Iran generally suspends rice import orders. According to reports, this year Iranian traders have continued to import Basmati rice even in the harvesting ...
'Ban on export of buffalo meat to hit other meat exports too'
Sai Nikesh | The Dollar Business Ban on buffalo meat export will result in downfall of meat export business, said an expert. Speaking to The Dollar Business on buffalo meat exports, sources from Al Nasir Exports Private Limited said, “Buffalo meat exports from India have been facing a worst situation due to various reasons like lack of demand in markets like China, which has been one of the key destinations for Indian buffalo meat exports.” The Ministry of Commerce and Industry, in a letter to Lok Sabha on July 9, 2015, had informed that the export of beef (meat of cow, oxen and calf) had been prohibited. Since animal husbandry was a State subject, it said the state governments could enact legislations ...
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) ...
