Dairy is the third most economically important agricultural commodity in Asia and the region accounts for more than 35 percent of global milk production. World milk production is projected to increase by 175 Mt (23%) by 2024 compared to the base years (2012-14), the majority of which (75%) is anticipated to come from developing countries, especially from Asia. This will drive the growth in dairy’s share of agricultural GDP while food crops decline in relative economic importance.
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