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The animal found largely in NE-India is known for its low-fat, highly nutritious meat
Firms seek clarity on livestock markets in states, they see momentum by end of june
Shipments made recently stuck in ports, causing huge demurrage payouts; Exporters fear payment defaults running into millions of dollars
Replying to a supplementary, the minister said India exports buffalo meat and fish to the tune of Rs 70,000 crore
The average size of a buffalo brought for slaughter is 100-450 kg. Buffalo suppliers have also reduced their purchase from dairy owners as they are incurring a loss in their business
Buffalo meat prices have surged by over 14 per cent in the last one week due to lower availability of animals for slaughtering amid government's order to ban on their sale.Around the national capital, buffalo meat is sold at Rs 150-160 a kg now, a rise of Rs 15-20 in the last one week. This means, buffalo meat was available normally between Rs 135-140 a kg before the government notification banning sale of animals for slaughtering issued on May 24.While the ban on animals' sale for slaughtering intended to control mushrooming of unregistered slaughtering houses in the country in addition to prevent their cross-border sale, the local meat and leather industries with an accumulative exports of $10 billion are likely to get impacted badly. Apart from that, millions of skilled and unskilled workers across the two industries are going to be jobless with just one regulation."Buffalo meat prices are quoted today at Rs around Rs 160 a kg here which indicates a rise of Rs 20 about a week ago. .
Bone in meat, carcass, half carcass of buffalo is prohibited and is not permitted to be exported
India accounts for 20% of world's total buffalo meat exports (in volume terms), overtaking Brazil and Australia