India set to become largest beef exporter | SupportBiz

Top Story

India set to become largest beef exporter

 
India is poised to become the world’s biggest exporter of beef by the year 2013, reports MSN. This is largely on account of the low price of Indian beef and its rising demand in the global market.

This announcement was made by the United States Department of Agriculture (USDA) in a recently issued report. The USDA has stated that exports of beef from the country are expected to increase to 1.52 million tonnes in 2012, as against 1.22 million tonnes in 2011, indicating a growth of 25 percent.

The USDA stated that the price of buffalo meat is comparatively lower in India, which has led to an increase in demand for the same from areas like Vietnam, South-East Asia, Middle East and Africa.

The industry body also stated that there has been news of Indian meat being in demand in Eastern Europe and Indonesia as well, though no trade has taken place with these regions yet.

The USDA added that export production units in the country are rising in number, to meet the rising international demand for beef.

It stated that the danger of Foot and Mouth Disease (FMD) in cattle could prove to be an obstacle in the way of India achieving the status of largest beef exporter.

Source: MSN