
India's Maharashtra government allowed maize and rice to be used for ethanol production through the dual feed method. Sugar cooperatives say grain-based ethanol procurement rates of about Rs 72 per litre exceed the Rs 61-65 paid for cane-based ethanol, squeezing sugar mills.
Diverting maize and rice to ethanol in India tightens grain supply for feed use and could support local maize and broken rice prices.
After 318 past bullish policy events, CORN moved a median -0.1% over 5 sessions (48% higher; middle half -1.4% to +1.5%), and -0.2% over 20.
After 168 past bullish policy events, RICE moved a median +0.8% over 5 sessions (57% higher; middle half -1.7% to +2.1%), and -0.4% 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.