In the past few years, India’s dairy industry has seen remarkable growth and good momentum globally. The export of curd is an important part of this progress and indicates great success for the ‘Made in India’ campaign, as well as significant growing influence of the country in the international dairy market.
Current export trends for curd:
It exported more than 7,000 metric tons of cheese and curd during the fiscal year 2022. This happened to be lesser than what was being exported over the preceding years. Curd and cheese export volume for fiscal year 2023 is estimated in the vicinity of 6,000 metric tons.
Curd: March 2023 to Feb 2024
India exported 1,509 consignments of curd between March 2023 and February 2024. The success was from 243 exporters to 407 buyers, an increase of 15% in exports from the previous year. February 2024-131 curd shipments-17 % rise from February 2023, but 19 % lower than Jan 2024.
Important Export Markets
The primary destinations of Indian curd exportations are Singapore, the United Arab Emirates (UAE), and the United States. This increase in supply in India continues to make its presence stronger in the global dairy market. Currently, India stands as one of the prominent curd-exporting nations across the globe with massive consignment volumes, besides South Africa and Russia.
Indian Curd-Economic Impact and Contribution to the Market
The total export value of dairy products from India in the fiscal year 2023-24 was INR 2,260.94 crores, approximately $272.65 million. Curd has been a part of these exports; hence it shows that India is at a very good position in the world dairy industry.
One of the primary causes for this is its humongous production base supporting the export activities of India’s dairy sector, which produces about 230 million tonnes of milk annually. The global dairy market is at $511.6 billion in 2023 and is expected to reach about $700 billion by 2033. It provides a massive platform for Indian dairy products, including curd.
The export of curd is but one of the many examples of successes in the ‘Made in India’ campaign. It puts Indian dairy products at par with some of the best on the world stage. Increased curd exports will not only facilitate India’s dairy industry but also attract more potential recognition for global trade. This is exactly in line with the aims and objectives of the ‘Made in India’ initiative that brings the building of India’s infrastructure for manufacturing and exporting goods.
Challenges and Future Prospects
Though there is growth, Indian curd exports face grave challenges, starting with the very high levels of international quality standard and optimization of logistics operations. Of course, optimization of logistics operations would be imperative to sustain growth and remain competitive in an ever-increasing global market.
Increasing demand for curd can be an indicator of further scope of growth. By overpowering the existing challenges and capitalising on its production strengths, India can take the next steps in the global dairy market and support the successful agenda of the ‘Made in India’ campaign.
Indian curd exports are growing significantly, with key markets like the UAE, US, and Singapore. This success boosts India’s dairy industry and aligns with the ‘Made in India’ campaign.
