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India and the US are close to a new trade agreement that lowers the tariff on Indian goods to 18%. A key sticking point is US dairy, because US cows are fed animal-derived feed ingredients such as meat meal, blood meal and rendered fats, which Indian buyers object to on religious grounds.
If India opens its market to US dairy and accepts animal-derived feed ingredients, it could widen export demand for US dairy and rendered protein products. Cheaper imports could also pressure Indian domestic milk prices.
forbesindia.comSamidha JainFeb 5, 2026Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
