business π₯ Ethanol push driving up egg prices
Egg prices in India have climbed nearly 40% over the last year, causing budget stress for many households. This hike is linked to the growing demand for maize by ethanol distilleries in India. Currently, about 37% of India's total maize production goes to ethanol, impacting poultry feed supplies significantly. The poultry sector uses about 60% of India's maize output, creating direct competition for the limited supply. Industry experts anticipate further price increases this winter as the E20 fuel policy continues to affect maize availability. π₯