Economy

India opens door to Brazilian pork as swine fever sweeps China

Updated : September 26, 2018 09:55 PM IST

Brazil's Agriculture Ministry said the Indian government had officially confirmed the decision a day earlier.

ABPA head Francisco Turra highlighted that India's market is opening as African swine fever has rattled the global pork industry, sweeping through Asia after spreading from Europe into Russia.

India approved imports of Brazilian pork, Brazil's government said on Wednesday, relieving pressure on the market amid the rapid spread of African swine fever in neighboring China.

Brazil's Agriculture Ministry said the Indian government had officially confirmed the decision a day earlier. Brazilian animal meat processing association ABPA celebrated the access to a market of 1.3 billion people.

ABPA head Francisco Turra highlighted that India's market is opening as African swine fever has rattled the global pork industry, sweeping through Asia after spreading from Europe into Russia.

"With a rising income, India is going through an intense urbanization trend that generates changes in food habits, boosting the presence of animal protein in the diet," said ABPA's head Francisco Turra.

He said Brazilian meatpackers will look at opportunities such as food service for hotels and restaurants.

The opportunity is a welcome relief for Brazilian pork exports, which are expected to fall as much as 12 percent this year due to a Russian investigation into feed additives, fallout from a health inspection scandal and a disruptive trucker strike.

Brazil is the world's fourth largest pork exporter after Europe, the United States and Canada.

India opens door to Brazilian pork as swine fever sweeps China

You May Also Like

JSW Steel Q2 profit falls 37 percent to Rs 1,595 crore

Yes Bank reports Q2 net profit at Rs 129.4 crore; NII drops to Rs 1,973 crore

Tech Mahindra Q2 net profit rises 9.5% QoQ to Rs 1,065 crore; declares special dividend

Trending on CNBC-TV18

recommended for you