Soybean Meal Price Surge and Ethanol Shift Force India Egg Prices Toward Rs 20-25 Each
Surging soybean meal prices and maize diversion to ethanol production are squeezing Indian poultry farmers, cutting flock sizes and pushing branded egg prices toward Rs 20-25 each.
Key points
- India egg prices surge toward Rs 20-25 as soybean meal costs rise and maize shifts to ethanol production
- Poultry farmer flock cuts tighten near-term supply; egg inflation adds pressure to India CPI food sub-index
- Soybean meal spot price trend and ethanol blending mandate policy are the key variables to track
How do you see this playing out for markets? Discuss below.
Read the full analysis on market.news
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