NEW DELHI: India’s buffalo meat exports dropped to USD 4 billion in 2015-16 from USD 4.78 billion in 2014-15. From April 2015-February 2016, buffalo meat exports declined 15% to USD 3.74 billion, said Nirmala Sitharaman, India’s Commerce and Industry Minister.
“There decline is attributed to restriction of imports through Vietnam by China, price competitiveness due to devaluation of Brazilian currency, and turmoil in importing markets such as Syria and Yemen,” Ms Sitharaman said. However, Adi Godrej, Chairman of India’s Godrej Group said the beef bans in certain states in the country are hurting the economy and affecting rural growth.