Maize diversion for ethanol may fuel food inflation
Oil marketing companies have increased maize demand for ethanol, which is raising concerns for animal feed costs and inflation. Maize prices have doubled compared to last year amid…
Attributed summary
Oil marketing companies have increased maize demand for ethanol, which is raising concerns for animal feed costs and inflation. Maize prices have doubled compared to last year amid projections of declining kharif production. Ethanol manufacturing is experiencing high competition for maize due to reduced sugarcane availability. Experts warn that heightened maize prices will affect poultry farmers and ultimately consumers.
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