Tridge summary
India's dairy sector expansion has led to a slight increase in herd numbers, reaching 307.5 million this year. This growth is expected to boost buffalo and beef production by 2% to 4.4 million metric tons, surpassing last year's forecasts. The consumption of buffalo in India is projected to rise slightly to 2.96 million metric tons in 2023, and buffalo exports are anticipated to rise to 1.48 million metric tons, driven by demand from Malaysia and Middle Eastern markets.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
The expansion of India's dairy sector is driving the increase in herd numbers. Herd numbers have increased to 307.5 million heads this year, compared to 306.7 million heads in 2022. FAS New Delhi has estimated that India's buffalo and beef production will rise 2% to 4.4 million metric tons (MMT), above last year's forecasts. The production increase is attributed to increased demand for buffalo from India's export markets. Buffalo and beef consumption estimates for India for 2022 and 2023 have been revised to 2.9 MMT and 2.96 MMT, respectively. Industry sources forecast buffalo exports to rise to ...
Source: Ticaret
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