India’s buffalo meat exports expected to pick up gradually

07.07.2017

After the shutting down of Uttar Pradesh’s illegal abattoirs in March, India’s buffalo meat exports contracted but have since picked up gradually. In volume and value terms, exports dipped just 1.7% in May compared with the corresponding month a year ago, while the fall was sharper at 10% in April, reported the Financial Express. In April-May, exports stood at 176,000 tonnes or USD 528 million, down 6% from a year-ago.

In dollar terms, the decline in exports in the first two months of the current financial year was just 4.3%. In the last fiscal, India exported buffalo meat worth of USD 4 billion. In 2014-15, this item for the first time became the largest in the agriculture exports basket, surpassing basmati rice. In 2015-16, buffalo meat exports amounted to USD 4.12 billion against the shipment of USD 3.51 billion worth of basmati rice.


asian-agribiz

Readers choice: TOP-5 articles of the month by UkrAgroConsult