Live animals, umbrellas ignore tide of export fall

Umbrella exports grew a little more than 900% and of live animals by about 400%

Live animals, umbrellas ignore tide of export fall
Subhayan Chakraborty New Delhi
Last Updated : Jun 13 2016 | 4:39 AM IST
While India’s exports fell for a 17th straight month in April, those of live animals grew by about 400 per cent in 2015-16, according to data from the commerce department.

Outbound trade of live animals — including buffaloes, sheep, goat, pigs, bullock and poultry — was $68 million in 2015-16, compared with $12 million a year ago. Those in the trade predict the growth will sustain. While export of live cows or beef (defined as meat of cow, oxen or calf) is banned according to the Meat Export Policy, India is the world’s largest exporter of buffalo meat.

Sheep export exploded, to a little over $25 million, from barely $10,000 in 2014-15. “Sheep are being exported to the Gulf countries, particularly the United Arab Emirates, as exporters have received major contracts there,” said Meerut-based Mohammed Rizwan, director, India Frozen Foods. There are cost advantages here, he added.

Goats are also exported to West Asia, traditionally  the most exported live animal from India. In 2015-16, goat exports surged 281 per cent to $42 million, up from $11 million a year before. More than half of these were imported by the UAE alone.

The sudden rise last year was probably because goat meat is being recognised as a healthier option than sheep meat, a Maharashtra-based trader said. The large Indian expatriate population, as well as some members of the community who own a number of retail businesses selling goat meat in the UAE, have helped in popularising it, he added.

Nepal was another major goat importer. “While the number of goats exported to  the Gulf countries generally goes up before the month of Ramzan, exports last year happened throughout the year,” a commerce ministry official said.

Umbrella exports up Interestingly, another item that saw exponential rise in exports was umbrellas. Umbrella exports grew a little more than 900 per cent. Umbrella exports surged in 2015-16, earning foreign exchange worth $23 million, compared with $2.3 million in the previous year.

“While the Indian umbrella market is import-driven, this particular segment has found some takers in the Gulf countries, specifically the UAE,” said Balbir Joshi of Delhi-based Citizen Umbrella.

On the other hand, the domestic market, estimated at Rs 5,000 crore, is being flooded by cheaper Chinese products, he added. The major share of inbound Chinese umbrellas are for children and those in the folding category. Indian manufacturers are however, looking to increase the manufacture of garden umbrellas for export purposes, Sudhir Das from umbrella manufacturer Mohendra Dutt and Sons said. 
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jun 13 2016 | 12:24 AM IST

Next Story