USDA lowers forecast for meat production in 2017
The Dollar Business Bureau The United States Department of Agriculture (USDA) on Friday lowered the forecast for overall production of meat in 2017 to 100.1 billion pounds (lb) against the 100.4 billion pounds estimated last month. However, it raised the forecast for production in 2018 from the previous 102.8 billion lb to 103 billion lb. “Beef production for 2017 was lowered to 26.3 billion lb primarily due to lighter carcass weights, which will more than offset expected increased slaughter in the later part of 2017, USDA said in its latest report “World Agricultural Supply & Demand Estimates” released on June 9. The expectations for further placements are backing up a higher beef forecast in 2018 of 27.2 billion lb, the report added. For 2017, ...
Need for caution on FTAs with dairy surplus countries
Sisir Pradhan Amul MD R. S. Sodhi in an exclusive interview with The Dollar Business cautions India on non-inclusion of dairy products in trade agreements, India’s milk production and how other food sectors can borrow a leaf from the Amul model. The Dollar Business (TDB): What is your observation on the global trend in the milk sector in the last couple of years and in the domestic market? RSS: World milk production is growing slightly less than 2% but India’s milk production is growing at 4.5%. Another major trend is that the world over prices being paid to milk farmers is on a decline. In India too, milk farmers in Maharashtra, Rajasthan, Uttar Pradesh and Haryana are getting 20-30% lower price when compared ...
India extends ban on import of milk items from China
The Dollar Business Bureau The government on Friday extended the ban on import of milk and milk products from China for one more year. The prohibition will continue for another year, or until further notification, whichever is earlier. The earlier ban on import of milk and milk products, consisting of chocolate and chocolate products, candies, confectionary and all other foods prepared with milk ingredient, was effective till June 23, 2016. The new order, however, will extend till June 23, 2017. "Prohibition on import of milk and milk products (including chocolates and chocolate products and candies/ confectionery/ food preparations with milk or milk solids as an ingredient) from China is extended for one more year, i.e., till June 23, 2017 or until further ...
Better infrastructure, quality standards required to make India a milk exporter: CII
The Dollar Business Bureau | @TheDollarBiz India’s formal dairy market size is estimated at $10 billion and is expected to grow at a CAGR of 13-15% India’s milk consumption is growing faster than production and this could make the country an importer of milk if necessary steps are not taken by policy makers and other stakeholders, said representatives of the industry body Confederation of Indian Industry (CII) at the “Dairy Vision 2025” conference held with the support of Ministry of Agriculture. India is the world’s largest producer of milk (producing around 132 million tonnes per year as of 2012-13), but most of it is consumed in the domestic market and the sector remains largely unorganised. According to CII, the dairy sector ...
