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Grain-based ethanol producers in India are asking the government for dual pricing for maize and rice feedstock, citing differences in recovery rates. Oil marketing companies currently offer 52.90 rupees per litre to grain-based plants, and 196 grain ethanol projects have been approved.
Higher Indian grain-ethanol pricing and approved capacity could divert maize and rice away from feed use, supporting local grain prices and tightening feed-grain supplies.
thehindubusinessline.comPrabhudutta MishraJan 21, 2022After 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.
