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India to Increase Beef Production
INDIA - Indian beef production is forecast to rise by 5% in 2009, due to strong export demand and increasing domestic consumption according to analysts at Meat and Livestock Australia.
Quoting statistics from ZMP and Brazilian Meat Monitor, the MLA said that production – of which the majority is buffalo meat – is set to rise to around 2.7 million tonnes.
Around a third of production (850,000 tonnes) is predicted to be exported, mainly to South East Asia and the Gulf states. In such markets where Australian and Indian product co-exist, Australian beef faces considerable price competition from Indian buffalo beef.
There is vast potential for India to significantly increase production due to the current low level of technology across the supply chain.
India’s cattle herd is estimated at 281 million head, of which 100 million are buffalo and water-buffalo. Currently, India ranks as the world’s third largest beef exporter in terms of volume, behind Brazil and Australia.
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