Search Result for : India Buffalo Meat Exports

The Dollar Business Bureau  India exported around nearly 11 lakh tonnes of meat for Rs 22,074 crore in the period between April and January in the financial year of 2017, informed Minister of Commerce and Industry Nirmala Sitharaman in a written reply to the Lok Sabha. As per the data, India’s meat exports stood at Rs 27,610 crore in the financial year of 2015-16 followed by Rs 30,201 crore and Rs 27,720 crore of exports in 2014-15 and in 2013-14 respectively. At present, India has as many as 81 companies involved in meat processing and its exports. These organisations need to be registered with the Agricultural and Processed Food Products Export Development Authority (APEDA) as per the current foreign trade policy. An inter-ministerial ...

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 ...

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) ...