USD 1.5 billion worth of processed buffalo meat will be shipped to China each year

Nepal and the Chinese private sector have signed a memorandum of understanding (MoU) to export processed buffalo meat to China valued at USD 1.5 billion per year.

At a ceremony on Monday, Shanghai Ziyan Food Company Limited and Himalayan Food International of Nepal signed the Memorandum of Understanding to that effect.

The first part of the arrangement calls for Himalayan Food International to export 2.7 million metric tons of meat each year.

Within the following six months, a completely automated animal slaughterhouse will be constructed in partnership with Himalayan Food International, according to the Memorandum of Understanding.

It should be mentioned that during Minister KP Sharma Oli’s most recent official visit to China, a protocol was struck between the two countries to allow the sale of processed buffalo meat from Nepal to China.

China’s Shanghai Ziyan Food Company has more than 6,000 locations throughout China, whereas Himalayan Food International was founded in 2011 to export processed meat.

In addition to providing technical help for buffalo husbandry, Shanghai Ziyan Food Company has shown its interest in spending Rs 20 billion in Nepal, according to Dr. Navin Kumar Sharma, Chairperson of the Animal Slaughter House Entrepreneurs Association.

Dr. Sharma thought that this will help the young people of Nepal who are either working with animals or want to work with them.

Ramnath Adhikari, the Minister for Agriculture and Livestock Development, underlined Nepal’s commitment to exporting buffalo meat to China in accordance with Chinese government criteria as he signed the Memorandum of Understanding.

According to Minister Adhikari, this agreement has further inspired and motivated Nepali farmers to engage in animal husbandry. The Minister stated that “By ensuring high-quality Nepali product manufacture, we are working to guarantee the export of high-quality goods,” and he promised to successfully implement the Act pertaining to meat inspection and animal slaughterhouses.

Additionally, he pledged to implement the laws and regulations required to advance animal husbandry.

Balaram Adhikari, Minister of Land Management, Cooperatives, and Poverty Alleviation, also stated that the pact would significantly boost Nepal’s economy and employment creation.

He recommended finding good places to raise buffalo first, then launching the business with a modest initial expenditure.

During PM Oli’s visit to China, a protocol agreement was signed for the accord, and Chinese Ambassador to Nepal Chen Song expressed his satisfaction with its implementation.

To avoid a meat scarcity, commercial buffalo raising is currently being conducted at up to 30 local levels, according to Dr. Umesh Dahal, Director General at the Department of Livestock Services.