Indian dairy sector continues to grow
July 29, 2020 - Consistent growth in the Indian dairy sector (both private and government) and in calf crop production should support further rise in the cattle population, which includes water buffalo, according to a report published by the USDA.
Despite the growth, the CY 2020 total of carabeef and beef production is expected to fall 12 percent from last year to 3.8 MMT CWE (preliminary estimate) due to a slowdown in economic activities and restricted or limited movement of cattle among other livestock during the national lockdown to control the spread of the Coronavirus, hereafter referred to as “the lockdown”.
The corona virus outbreak in China and consequent worldwide pandemic has already dimmed Indian carabeef export prospects, particularly in the first four months, starting January 2020.
After the lockdown measures are eased, some pent-up demand on the trade front will push CY 2020 export sales to 1.1 million metric tons (MMT). The forecast volume, however, is 23 percent below last year’s total and the third annual dip in a row.
Fresh export orders, if any, during or after the holy Ramadan month may lift market sentiments, but would need matching logistic support and port clearance, both in India and across importing nations.