
India capped ethanol production from surplus Food Corporation of India rice at 3.24 billion liters during the first three quarters of the current year under revised tender terms issued on November 3. The report says broken-rice prices have risen sharply and notes that lower preliminary paddy production estimates could prompt the government to consider a full export ban on broken rice.
Limiting rice use for ethanol could preserve more grain for food, but rising prices and the prospect of tighter export restrictions signal domestic supply concerns. Any export ban would reduce rice available to global buyers and could support international prices.
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 439 past neutral policy events, Corn moved a median +0.1% over 5 sessions (51% higher; middle half -1.3% to +1.2%), and +1.1% 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.