Financial Daily from THE HINDU group of publications
Monday, Feb 04, 2002
Financial Daily from THE HINDU group of publications Monday, Feb 04, 2002 |
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Agri-Biz & Commodities
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Foods & Food Processing Eyes Africa for meat products Vishwanath Kulkarni
BANGALORE, Feb. 3 THE Agricultural and Processed Foods Export Development Authority (APEDA) is planning to tap the virgin markets of Africa to export meat products from the country. Mr Anil Swarup, Chairman, Apeda, said the African market is opening up and offers major potential for Indian meat exports. ``We consider Africa as an opportunity as the demand for meat products has increased there. On account of mad cow disease (BSE) in Europe, the imports from that region to Africa has reduced drastically,'' he added. Animal products accounted for 18 per cent at Rs 1,637 crore, of the overall exports of agricultural and processed food products of Rs 9,212 crore last year. India exports meat and meat products mainly to Malaysia, Phillippines, Egypt, Jordan and the West Asian countries. Trends indicate that meat products from the country are likely to remain at last year's level. ``There was a slowdown in exports in the first three to four months of the current financial year on account of ban on exports by Egypt and Jordan. With the lifting of ban recently, exports have started picking up and are likely to remain at last year's level'' he added.
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