India exports buffalo boneless meat is booming

Export boneless buffalo meat from India continues to grow, though the winning party in the recent elections BJP, whose leader, newly elected Prime Minister of India, Narendra Modi, has promised to cut beef exports from India, still plans to impose restrictions on foreign beef supply.

However, pastoralists and exporters note that any movement in this direction with the new authorities yet.

According to official sources, at the end of the fiscal year (March 31, 2014), the export value of boneless buffalo meat rose to 4.35 billion from $ 3.2 billion a year earlier. In April alone, the export of this product has brought the economy 321 million dollars, which indicates that the Indian buffalo meat production sector continues to evolve.

According to industry participants, they expect further sustained growth of the sector in the coming years, as China and Russia are expected to open their markets to supply the Indian meat. Now the largest importer of Indian buffalo meat is Vietnam, which last year bought the product in the amount of 1.79 billion dollars. Malaysia ranked second with a total value of imports of 388 million dollars, Egypt, to buy buffalo meat in the amount of $ 228 million - the third.

About 95% of Indian buffalo meat exported to Southeast Asia, West Asia, the former Soviet Union, as well as in North and West Africa. Most of these markets - Islamic states, so high quality Indian hdes halal products is greatly appreciated and serves as a stimulant for further growth of supply.

buffalo meat exports to the U.S. and the EU is still very small. Sales in Germany and the United States as of end March 2014 were equal to zero, while in the previous year, the figures were 7.5 tons and 2.4 tons, respectively.

India owns livestock buffalo in 105 million units, accounting for about 56% of the world's livestock.

Source: Meatinfo