India is the world’s third-biggest exporter of beef and is projected to hold on to that position over the next decade, according to a report by the Food and Agriculture Organisation (FAO) and the Organisation for Economic Cooperation (OECD).
OECD-FAO Agricultural Outlook 2017-2026 report released here this week said that India exported 1.56 million tonnes of beef last year and was expected to maintain “its position as the third-largest beef exporter, accounting for 16 per cent of global exports in 2026” by exporting 1.93 tonnes that year.
The type of beef exported was not specified, but the meat exported appeared to be mostly from buffaloes as the report specified the animal for imports by Myanmar from India. According to the OECD database, India imported 363,000 tonnes of beef last year and the amount was projected to stay the same over the decade.
The total world beef exports in 2016 were 10.95 million tonnes and were expected to increase to 12.43 million tonnes by 2026, according to the FAO. The Outlook report ranked Brazil as the world’s top beef exporter, followed by Australia.
About OECD-FAO Agricultural Outlook:
The Agricultural Outlook is a collaborative effort of the Organisation for Economic Co-operation and Development (OECD) and the Food and Agriculture Organization (FAO) of the United Nations.
It provides an annual assessment of prospects for the coming decade of national, regional and global agricultural commodity markets.
2017 edition is the thirteenth joint edition of the OECD-FAO Agricultural Outlook which provides market projections for major agricultural commodities, biofuels and fish.