business π₯ Egg prices skyrocket due to ethanol maize diversion
Egg prices have surged by about 40% in the last year, reaching nearly Rs 14 at retail platforms. This price hike is linked to maize diversion for India's EBP programme, impacting poultry feed costs. During ESY 2024β25, 125.75 lakh metric tonnes of maize were used for ethanol production. Experts warn prices could rise further as winter demand increases for this cheap protein source. The trend shows India shifting from maize exporter to net importer. π₯