India is expected to reduce the volume of carabeef exports
In the next decade, India will reduce the volume of carabeef exports by 11%, according to the latest outlook released by Rabobank.
Ben Santoso, Senior Analyst-Animal Protein, believes that any improvement in the milk yields will have a direct impact on carabeef supply, reducing the volume of slaughtered animals. India is already facing a stagnant buffalo replacement rate and a growth of population.
"Even if per capita consumption stays flat, domestic demand for bovine meat will grow. In our estimate, between now and 2027, India’s carabeef exports will dip by 11%", explained the analyst.
At this point, India's carabeef exports are sent to Vietnam(53%), Malaysia (9%), Egypt (7%), Indonesia (5%), Iraq (4%), Philippines (3%) and to other nations (19%). According to an MLA analysis, India's exports of bovine meat are expected to grow in 2028 thanks to a strong demand from the Middle East, Africa and South East Asia but also from Turkmenistan and Russia.
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