Buffalo meat exports rise 15% in Aug; pre-Covid level expected next quarter

Economy


NEW DELHI: Buffalo meat exports rose 15% in August from a year ago and are likely to reach pre-Covid levels in the Oct-Dec quarter, companies and trade bodies said.

Exporters said demand from Vietnam, Malaysia, Indonesia, Egypt and Saudi Arabia had boosted sales and the trend would continue.

“Looking at the trend we hope that in the third quarter of 2020-21, exports will be back to the pre- Covid level, ” said a representative of the All India Meat & Livestock Exporters Association.

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The Covid pandemic forced meat processing factories in India to shut down from the last week of March until the end of April. Disruption in the delivery and supply chains hit the industry, said Priya Sud, a partner in Al-Noor Exports.

“Exports should now get back to regular levels, provided there are no further setbacks. In the next quarter we should see winter demand for Christmas and New Year to pick up, hopefully taking exports to the pre-Covid level. Orders are coming in from all the major export markets” she said.

The reopening of the animal markets in Uttar Pradesh by the coming week will also improve the supply and processing of the buffalo meat, said the industry association.

Demand usually pick up in the third quarter of the year, ahead of the Christmas season, said Shakir Hussain Qureshi, managing director of Mumbai-based Al-Quresh Exports. “Resumption of international travel by tourists and business will give a boost to the overall demand. If passenger flights resume, then it will just take one quarter to get exports to the normal level,” he said.

In the first quarter of 2020-21, buffalo meat exports fell 52% from a year ago. Total meat exports from India in 2019-20 fell 9.93% to 1.15 million tonnes. It was and valued at Rs 22,668 crore.



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