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India’s 2026–27 ethanol tender seeks about 11 billion litres and excludes ethanol made from sugarcane juice, sugar syrup and B-heavy molasses, with sugar diversion for ethanol set to zero. Maize, damaged food grains, surplus government rice and C-heavy molasses remain eligible, as sugar production is forecast to fall and prices are high; the tender also reduces the incentive and procurement price for corn ethanol.
The shift away from sugar-based ethanol transfers feedstock demand toward maize and surplus rice, potentially supporting their prices. Lower corn-ethanol incentives may temper maize demand, while the tender’s overall effect depends on how much grain-based supply replaces sugar-based output.
iamrenew.comSubhash YadavNov 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.
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.
