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

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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. India is world's third-biggest beef exporter says OECD-FAO report
  • 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.