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India's monsoon rainfall fell nearly 13% below normal, pushing the government to prioritise food security over ethanol output. Ethanol's share of fuel is expected to fall below the 20% E20 target, increasing reliance on imported crude.
Lower ethanol output diverts grain and cane away from fuel use toward food, and higher crude import needs add energy-price pressure for feed and fuel costs.
livemint.comSayak BasuNov 4, 2026After 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, Rough Rice moved a median +0.8% over 5 sessions (57% higher; middle half -1.7% to +2.1%), and -0.4% over 20.
After 438 past bullish policy events, Crude Oil (WTI) moved a median +0.9% over 5 sessions (61% higher; middle half -2.2% to +4.6%), and +2.0% 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.
