India is world’s third-biggest beef exporter says OECD-FAO report

As per Agricultural Outlook 2017-2026 report released by the Food and Agriculture Organisation (FAO) and the Organisation for Economic Cooperation (OECD), India is the world’s third-biggest exporter of beef and is projected to hold on to that position over the next decade.

Agricultural Outlook 2017-2026 – Data on Beef Exports:

As per the report, India exported 1.56 million tonnes of beef last year and is expected to maintain its position as the third-largest beef exporter over the next decade.

• It has been estimated that India will export 1.93 tonnes beef in 2026 which will account for 16% of global beef exports.
• 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 is projected to stay the same over the decade.
• The report outlined that total world beef exports in 2016 was 10.95 million tonnes and is expected to increase to 12.43 million tonnes by 2026.
• For 2016, Brazil was ranked as the world’s top beef exporter, followed by Australia.
• In the broader context of the report, it is to be noted that over the ten-year outlook period, agricultural markets are projected to remain weak, with growth in China weakening and biofuel policies having less impact on markets than in the past.

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.