International Trade opportunities for Indian Dairy -IDA Webinar
Now is the perfect time to discuss #Dairy exports from #India. The country is entering the flush season with significant dairy stocks. Currently, there’s no demand-supply gap in sight, making exports an attractive option. However, the export scenario, apart from milk fat, isn’t looking promising. Global market experts predict a sluggish market, with China yet to rejoin.
Let’s consider the scale of global trade and India’s role in exports. India is the largest milk producer globally, contributing a quarter to the world’s supply. However, India’s $475 million in exports pales in comparison to the $101 billion in dairy imports in 2022. Butter fat makes up 44% of Indian dairy exports, followed by milk powders at 23% and casein at 21%. Cheese and paneer account for around 10%.
Conversely, cheese is the largest imported segment at around 38%, followed by powders at 25% and casein at 21%. Indian exports of powders and casein match the global import proportions.
R S Sodhi Sodhi, President of the Indian Dairy Association , emphasized the need for exports to support millions of dairy farmers. He noted that India is expected to have a surplus of milk, necessitating the search for new markets.
The webinar isn’t just another session but a master class by experts. The panel includes global luminaries who will provide valuable insights.
Let’s start with Prof. Rakesh Mohan Joshi a renowned #WTO and #globaltrade expert, who shed light on the current global dairy market scenario and challenges faced by the Indian dairy sector.
Next, we have Bastiaan Bijl , an international expert with extensive experience coaching SMEs for exports. He guided us on conducting market intelligence for dairy categories and selecting target countries. Market diversification analysis’s role in setting export objectives was also discussed.
Vipan Kumar , overseeing Indian operations in Food ingredients for Olam , shared his perspective on the potential of Indian dairy products in global markets. He also cited Reliability and Consistency as two major challenges with Indian dairy exporters.
Ashish Agarwal , who heads Bhikaram Chandmal Group, Bikaner discussed the landscape of exporting and developing markets for Indian sweets and savories in the developed world, especially in the B2C space.
VIJAY SARDANA , a seasoned expert, shared insights on how the Indian dairy industry can gain a substantial share in global dairy trade. His experience spans smallholder production systems and the stringent market access norms of global trade.
Finally, Mr. C.B. Kotak, Deputy Director at the Export Inspection Council of India ( Ministry of Commerce & Industry, Govt. Of India), New Delhi , provided details on the formalities for exporting dairy products from India.
The webinar concluded with best wishes from the experts to the audience. At the end the moderator Kuldeep Sharma assured the audience that Indian dairy association will keep on organising a series of webinars and programs on dairy exports from India. The subsequent programs will be more granular in their themes and approach.
Source : DAirynews7x7 Events Nov 7th 2023