Search Result for : Meat Exports

The Dollar Business Bureau China has barred the import of beef and lamb from six Australian companies, raising worries about the reliability of the country’s $750 million meat ­export trade with the East Asian nation.  The temporary ban is linked to meatworks in certain locations across the three Australian states, with import authorities of China imposing the ban due to non-compliance of labels with paperwork.  However, it is believed that the meat import ban by China is in retaliation for Australia’s move earlier this year for banning the imports of all fresh and cooked prawns from the Asian powerhouse.  The prawn ban, which also impacted the prawns from Vietnam, was imposed by Australian government after the outbreak of white spot disease that devastated various ...

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 ...

The Dollar Business Bureau Food Processing Minister Harsimrat Kaur Badal on Tuesday said that there is no decline in the exports of buffalo meat from legal slaughter houses in the country.  The latest crackdown of illegal abattoirs in Uttar Pradesh is in compliance with the order of Supreme Court to check environment pollution and to protect the health of people, the Minister added. India, the biggest exporter of buffalo meat, shipped $3.76 billion worth of meat in the financial year 2016-17, according to Ministry of Commerce data. In April, the exports of beef dropped by 10.35% to $257.06 million compared to $287 million in the same month last year, as per the data given in Agricultural & Processed Food Products Export Development Authority (APEDA) data. “As far as I know, the export (of ...

The Dollar Business Bureau  Some of the world’s biggest meat consuming countries have slapped restrictions on meat being exported from Brazil’s food conglomerates JBS S.A. and ERF. China, EU, Chile, Hong Kong have temporarily suspended the meat shipments from the country as news reports from Brazil’s federal authorities revealed bribery investigations into the approval of spoiled meat. Other countries like Singapore, South Korea and Qatar were guarded and monitoring the meat shipments arriving from the South American country official news reports revealed. Brazil’s federal authorities revealed five days ago, that the investigations are continuing on the allegations that JBS S.A. and BRE S.A. had bribed government officials to endorse the sale and export of contaminated meat. Some of the meat including cold ...

Sreenivasa Rao Dasari Reeling under turbulent pressure, goat and sheep meat abattoirs-cum-processing units in Telangana look to government support as low margins are evaporating their export potential. The sheep meat exporters are urging the state government to extend subsidy on feed to lower sheep prices in addition to offering turnover-based incentives. Meat exports from Telangana are declining by the day owing to higher production costs when compared to other states such as Karnataka.  Several abattoirs and meat processing units in Telangana are suffering from under capacity utilization owing to the supply shortage. Similarly, the goat and sheep meat export performance has also turned sluggish as poor price disparity make the local processing units uncompetitive in the global market, observes Mohammad Hasan, Managing Partner ...

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 Due to import restrictions by China and conflicts in some importing markets, India’s exports of bovine meat fell in 2015-16. During the last fiscal, bovine exports dropped to $4 billion compared to $4.78 billion in 2014-15 and $4.35 billion during the year 2013-14. “During the April-February period, exports of buffalo meat went down by 15 percent to $3.74 million from $4.41 billion in the corresponding period last year,” said Nirmala Sitharaman, Minister of State for Commerce and Industry in a reply to the Rajya Sabha. “There has been a decline in bovine meat exports in 2015-16, due to imports restriction by China through Vietnam, erosion of price competitiveness due to reduction of Brazilian currency and unrest in import markets ...

The Dollar Business Bureau | @TheDollarBiz Russia is expected to increase imports of fruits, vegetables, meat and dairy products from India starting December 2014 under an agreement reached between Russia’s phytosanitary watchdog Rosselkhoznadzor and India’s Agricultural and Processed Food Products Export Development Authority (APEDA) this week. According to official sources in Russia, Sergey Dankvert, Head of the Rosselkhoznadzor, and Santosh Kumar Sarangi, Chairman, APEDA, have agreed to complete the quarantine and other certifications in two months, which will allow exports of Indian food products to Russia by December 2014. Meeting between officials of APEDA and Rosselkhoznadzor in Russia in September 2014 (Source - Rosselkhoznadzor) Russian veterinary experts are expected to arrive next month and may stay in India to control the production ...