India caps rice and damaged grain use for ethanol, sharpening competition for maize

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.

• Jan 21, 2022Grain-based ethanol manufacturers demand dual pricing for maize, rice feedstock - The HinduBusinessLine+1.4%
• Dec 31, 2020Sharp rise in price for the CBoT maize future+6.2%
• Dec 23, 2024Govt may reduce reserve sale price for rice for ethanol production - GreenLeaf+0.5%
• Jun 26, 2025India’s oilseed output may fall as farmers shift to maize for ethanol - The Economic Times+4.6%
• Jul 28, 2025Rate Difference in Grain-Based and Sugarcane-Based Ethanol Production Affecting Sector: Official – Outlook Business+0.5%

After 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.

• Dec 23, 2024Govt may reduce reserve sale price for rice for ethanol production - GreenLeaf-3.3%
• Jun 26, 2025From shortage to surplus: India pours record rice crop into ethanol | Reuters-4.9%
• Jul 9, 2024Swelling granaries may prompt India to ease rice export curbs | Mint-13.9%
• Oct 23, 2024With granaries full, India axes export duty on parboiled rice | Mint-1.2%
• Oct 15, 2019Granaries overflowing, Food dept’s SOS to MEA: Send wheat, rice as aid to deserving countries | India News - The Indian Express-1.6%