Indian Beef Exports Revised Lower02 May 2013
INDIA - The United States Department of Agriculture (USDA) Indian beef (including buffalo) export forecasts for 2013 have been revised significantly lower from the October 2012 estimate, to 1.7 million tonnes cwt.
This is a movement back 21 per cent from the initial 2.2 million tonnes cwt (April 2013 Livestock and Poultry: World Markets and Trade – USDA).
Underpinning the significant downward revision has been a 9 per cent decrease in production from the October estimate, back from 4.2 million tonnes cwt, to 3.8 million tonnes cwt, write market analysts at Meat and Livestock Australia.
While production has been revised lower, the USDA forecast is still well above previous levels, with the 2013 estimate up 10 per cent on 2012, and 30 per cent on the five-year average.
Additionally, while the USDA have sharply decreased India’s beef export estimate for 2013, India is still expected to become the world’s largest beef (including buffalo) exporter, closely followed by Brazil (1.6 million tonnes cwt) and Australia (1.5 million tonnes cwt).TheCattleSite News Desk