date:Feb 29, 2016
As semi-annual Dairy: World Markets and Trade report, Indias cows produced 64 million metric tons of milk in 2015, up 5.8 percent from 2014 and an astounding 11.3 percent over the two-year period from 2013 to 2015.
By comparison, over the same two-year period, European dairy producers increased milk output by only 5.7 percent, spurred by sky-high prices in 2014 and the expiration of quota last year, notes Sharp.
While most analysts have focused on EU milk production growth since quota was elim