India is world’s third-biggest beef exporter: OECD-FAO report
According to recently released OECD-FAO Agricultural Outlook 2017-2026 report, India is the world’s third-biggest exporter of beef. Brazil was ranked as the world’s top beef exporter followed by Australia.
The report was released jointly by the Food and Agriculture Organisation (FAO) and the Organisation for Economic Cooperation (OECD).
Key Highlights of Report
India exported 1.56 million tonnes of beef in 2016. It is expected to maintain its position as the third-largest beef exporter, accounting for 16% of global exports in 2026 by exporting 1.93 tonnes that year. India imported 363,000 tonnes of beef in 2016 and the amount was projected to stay the same over the decade.
The type of beef exported was not specified, but the exported meat appears to be mostly from buffaloes as the report has specified the animal for imports by Myanmar from India. It needs to be clarified whether the report classifies even buffalo meat as beef.
The total world beef exports was 10.95 million tonnes in 2016 and it is expected to increase to 12.43 million tonnes by 2026. Till 2015, India was the world’s largest exporter of beef and had extended its lead over the next highest exporter, Brazil.
Month: Current Affairs - July, 2017