Rising diversion of maize to ethanol production has significantly increased poultry feed costs, leading to a 35-40% surge in egg prices over the past year. Maize prices have nearly doubled in three years, impacting the poultry industry which relies on it for 65-70% of its production costs. Experts anticipate further price increases as winter demand rises and maize diversion for ethanol is projected to grow.
Prashant Mukherjee is a Senior Assistant Editor - Energy at The Economic Times. With nearly a decade of experience, he specializes in energy and mining, covering topics such as energy policy and regulation, renewable energy, and oil and gas. Prashant has been featured in The Economic Times for his insightful reporting on significant industry developments and trends.