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For India's 2026–27 supply year, ethanol producers offered 19.32 billion litres against oil marketing companies' tender requirement of 11 billion litres, with 11.45 billion litres made from maize. At an estimated conversion rate of 380 litres per tonne, those maize-based offers would require about 30 million tonnes of maize.
The report also cites industry estimates that maize production is around 15% below the previous year's 55 million tonnes.
Large ethanol demand competes with feed and food users for maize, and the estimated 30-million-tonne requirement is especially significant against a smaller crop. That could tighten Indian corn availability and put upward pressure on prices, although the offers are not the same as confirmed deliveries.
hindustantimes.comPallavi SinghalNov 10, 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.
Not enough comparable past events yet for a historical read.
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.
