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Buffalo meat export dips 3.4% to USD 3.92 bn in FY17

Press Trust of India  |  New Delhi 

Buffalo meat export fell by 3.4 per cent to USD 3.92 billion last fiscal due to devaluation of currency in Brazil, was informed today.

However, the export rose marginally in quantity terms at 13.30 lakh tonnes last fiscal from 13.14 lakh tonnes in 2015- 16 financial year.

According to the data tabled by Commerce and Industry Minister in the Rajya Sabha, the country exported 13.14 lakh tonnes of buffalo meat for USD 4.06 billion in 2015-16.

In 2014-15, buffalo meat export stood at 15.03 lakh tonnes for USD 4.78 billion.

"Export of meat has been slightly on decline due to impact of devaluation of currency in making the from less competitive in 2016-17," she said in a written reply.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, August 09 2017. 19:14 IST