Global slowdown to impact Indias processed food exports
The Dollar Business Bureau Even as the government looks to double India’s food processing exports over the next five years, a recent report by Dun and Bradstreet has suggested that the sector will register a subdued growth this fiscal due to a sluggish global demand. According to the report, food exports are projected to remain subdued in 2017 due to slowdown in global demand, while the share of FPI related commodities to total exports could remain marginally moderate. The exports of FPI and related commodities slumped by 18% y-o-y to $29.7 billion in FY16, in line with the falling trend in India’s overall outbound shipments. Looking at the sector’s exponential growth prospects in future, the government has set an ambitious target of doubling its processing levels to 20% by 2019 from ...
'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 ...
