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India's buffalo meat exports are expected to fall as China cracks down on smuggled imports, since China bars Indian buffalo beef over foot-and-mouth disease concerns. Exporters say prices have already dropped to $2,900 per tonne from $3,200 six months earlier.
Lower Indian buffalo meat demand weakens the low-cost beef price floor in global markets, which can soften prices for cheaper beef used in processing. The effect on feed and grain markets is limited.
reuters.comRajendra JadhavFeb 1, 2019Not 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.
