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Nearly three-fourths of India's ethanol now comes from grain, mainly maize, with distilleries producing DDGS as a protein feed. The USDA estimates DDGS supply to India's feed sector at 3.2 million tonnes in 2024-25 and forecasts 4.2 million tonnes for 2025-26, while no official Indian series tracks it.
Soymeal use in Indian feed is estimated to have fallen as DDGS use rose.
Growing Indian DDGS output adds protein feed supply that competes with soymeal, pressuring soymeal demand and supporting a shift toward DDGS in feed formulations. The rise in maize and rice diversion to ethanol also tightens grain supplies for feed.
thehindubusinessline.comSagari GuptaNov 15, 2026After 117 past bearish macro events, Soybean Meal moved a median -0.6% over 5 sessions (41% higher; middle half -2.5% to +1.7%), and +0.5% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
