India's fast-growing milk market to stand out

Paris

A FAST-GROWING milk market in India will stand out amid a trend towards more stable agricultural markets in the decade ahead as an era of booming demand led by China fades, the OECD (Organisation for Economic Co-operation and Development) and the FAO (United Nations' Food and Agriculture Organisation) said on Monday.

Higher productivity will cover the lower pace of consumption growth, curtailing prices of staple food commodities that are mostly expected to show a slight decline in real terms, said the OECD and the FAO.