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For India's 2026–27 ethanol supply year, the government set sugar diversion for ethanol to zero, excluding several sugar-based feedstocks from a tender seeking about 11 billion litres. The tender keeps maize and surplus rice among eligible feedstocks, while reducing the incentive for maize ethanol and lowering its effective price to 68.86 rupees per litre.
Removing sugar-based ethanol shifts more of the blending requirement toward grain-based production, potentially supporting maize and rice demand; the reduced maize incentive may temper that shift if it limits distillery supply.
agrospectrumindia.comNov 6, 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.
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.
