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India has capped the quantity of surplus rice procured from the Food Corporation of India that distilleries can use for ethanol, and set a 30% cap per distillery. The restrictions cover the 2026-27 Ethanol Supply Year and follow earlier curbs on sugar-based feedstock.
Non-sugar feedstocks such as maize and C-heavy molasses remain permitted.
Limiting FCI rice use for ethanol keeps more rice available for food, which is bearish for domestic rice prices. Distilleries are likely to shift toward maize, which raises corn demand and supports corn prices.
zeebiz.comPriya VishwakarmaNov 4, 2026After 100 past bearish policy events, Rough Rice moved a median -0.1% over 5 sessions (49% higher; middle half -1.7% to +1.6%), and +0.1% over 20.
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.
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.
