Why egg, chicken and milk prices are unlikely to fall soon

The article analyzes the reasons behind the sustained high prices of eggs, chicken, and milk in India, primarily attributing it to the spiraling costs of livestock feed ingredients like maize and soyabean meal. It highlights the growing contribution of the livestock sector to India's gross value added (GVA) and details how rising feed costs, influenced by factors like El Niño, reduced kharif acreage, and potential diversion for ethanol production, are shrinking farmer profit margins and driving up retail prices. The article also touches upon the government's ethanol blending targets and the potential conflict with ensuring adequate feed grain availability.