Last August, Commerce and Industry Minister Nirmala Sitharaman told Rajya Sabha that Indian bovine meat has been denied entry into the Chinese market on grounds of alleged foot-and-mouth disease in animals here. Chinese authorities have apparently cracked down on indirect shipments from Vietnam, while not taking steps yet to open the country’s doors to direct imports. The other cause of concern for exporters is China. India’s bovine meat exports in April-June, at $ 853.90 million, were 11.1 per cent lower than the $ 960.44 million for the same quarter last year. This is already borne out by official data. As cow beef from Brazil, Uruguay, Paraguay or Argentina has got cheaper in dollar terms, there is not much advantage in buying buffalo meat today. The currency turbulence - and the rupee’s relative strength - has eroded the price competitiveness of Indian beef. On the other hand, the rupee has shed a mere 4.8 per cent against the US dollar. There have been similarly sharp depreciations of the Uruguayan peso and Paraguayan guaraní (17-18 per cent), and the Australian and New Zealand dollars (20-22 per cent). In the last one year, the Brazilian real has fallen by almost 34 per cent against the US dollar. India being the world’s top beef exporter is not something Hindu far-right groups, including those backing this government, would be proud of, even though the meat is not of the cow or its progeny.īut the more immediate challenge is economic and commercial. Will the bovine meat export boom be sustainable? However, a grey market has developed in recent times, with Chinese traders reportedly using Vietnam’s Haiphong port to bring in Indian meat loaded on small vessels. China technically does not import any buffalo meat from India. But the bulk of consignments to Vietnam are said to make their way eventually to China. The biggest market, at $ 2,152.86 million last year, was Vietnam, followed by Malaysia ($ 422.94 million), Egypt ($ 422.34 million), Thailand ($ 393.40 million) and Saudi Arabia ($ 259.01 million). Which are the main destinations for Indian bovine meat? The beef that it exports is only buffalo meat, also called “carabeef”. It must be clarified, however, that India does not officially export cow meat. During his Lok Sabha election campaign, Narendra Modi had attacked the UPA for promoting a “pink revolution” - the beef export boom that took off under UPA rule peaked in the first year of Modi’s government. 1 agri-export item, ahead of basmati rice ($ 4,518.25 million). In the process, beef also become India’s No. In value terms, shipments more than quadrupled from $ 1,163.54 in 2009-10 (April-March) to $ 4,781.18 million in 2014-15. Between 20, India’s beef exports more than trebled from around 0.6 million tonnes to over 2 million tonnes in carcass weight equivalent terms. 1 slot, according to the US Department of Agriculture. In 2014, India dislodged Brazil from the No. Is it true that India is today the world’s biggest beef exporter? But it is set to lose that status this year, thanks mainly to the turbulence in global currency markets, which has eroded the price competitiveness of Indian buffalo meat vis-à-vis beef from Brazil, Paraguay, Uruguay, etc. India emerged as the world’s largest beef exporter in 2014, ironically the first year of the BJP-led government.
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