India exploring new destinations such as Mexico for dairy exports

India is looking at new markets such as Mexico for export of dairy products in a bid to boost the growth in the segment. “There has been a flat growth in export of dairy products like skim milk powder and casein.

dairy products, dairy exports, skim milk powder, APEDA, protein dietary supplement, milk production, milk production in India, dairy market in India
India exported dairy products worth Rs 1,712 crore in 2016-17, slightly up from Rs 1,677 crore in 2015-16. (Image: IE)

Surbhi Prasad

India is looking at new markets such as Mexico for export of dairy products in a bid to boost the growth in the segment. “There has been a flat growth in export of dairy products like skim milk powder and casein. We are in talks with Mexico…They are keen to import from India. Hopefully, we will soon be exporting dairy products to the country,” a senior government official said.

According to the data from the Agricultural and Processed Food Products Export Development Authority (APEDA), India exported dairy products worth Rs 1,712 crore in 2016-17, slightly up from Rs 1,677 crore in 2015-16. The key importers of Indian dairy products are Bangladesh, United Arab Emirates, Pakistan, Nepal and Bhutan. Casein exports during April-February (2016-17) was estimated at Rs 228.95 crore. In 2015-16, the country’s casein exports almost halved to R215.9 crore compared to Rs 428.5 crore a year ago, data showed.

BSE Sensex, gold, share market
Sensex vs Gold, both gain from 4,000 to 50,000 in last 21 years; yet, Sensex beats gold by about 50%
oil market
Will maximise refining margins irrespective of crude price trend: Nayara Energy CFO
Gold hits lifetime high on Powell’s comment on rate cuts; Read to know more
Iran-Israel tensions, Iran Israel news, Iran, Israel, Organisation of Petroleum Exporting Countries , OPEC
Iran-Israel tensions, supply cuts may push crude to $95/bbl

Casein is used as a protein dietary supplement and in making cheese. It is also used for industrial applications in paints, glue, plastic and fibre. India is the global leader in milk production with an 18.5% share in the world’s total milk production, achieving an annual output of 146.3 million tonne during 2014-15 as compared to 137.69 million tonne during 2013-14.

You might also want to see this:

However, its contribution to the international dairy market is still minimal at level of less than a half percent.
“Earlier there was a temporary ban imposed on the export of skim milk powder and casein which was later lifted. Now we want to promote it,” the official said. The government had banned exports of casein and milk power in February 2011 after dairies in the country, particularly north, experienced a shortfall in milk procurement. The ban was lifted in June next year.

If you are keen to know more about Nifty 50 and BSE Sensex levels and seek expert advice on what’s driving the gains and how to build your portfolio, track the latest stock market stats, share market news and top brokerage bets on Financial Express. Download the Financial Express App for the fastest and most reliable business news alerts, key investment strategies and latest movers and shakers from across financial market.

First published on: 01-06-2017 at 04:38 IST
Market Data
Market Data
Today’s Most Popular Stories ×