Sunny side down? Egg prices rise on ethanol push

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.