Loading…
India's government is considering diverting surplus rice from its central pool to ethanol production to ease stockpiles. Distillers may resist because auction prices above 1,900 rupees per 100 kg are not remunerative against sugarcane-based ethanol.
Diverting rice into ethanol could add a new outlet for surplus Indian rice, but high auction prices may limit uptake and keep rice prices supported domestically.
advancedbiofuelsusa.infoDec 27, 2019After 100 past neutral policy events, Rough Rice moved a median +0.0% over 5 sessions (51% higher; middle half -2.6% to +2.3%), and +0.7% 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.
