Indian livestock feed makers, speaking through CLFMA chairman Sumit Sureka, are asking the government for short-term relief as maize and soybean costs surge. Sureka said maize prices have jumped 30-40% in four to six weeks on a domestic crop shortfall, and cited rising maize demand from ethanol producers.
He suggested allowing sorghum imports and access to damaged rice stocks.
Tight Indian maize supply and strong ethanol demand push up feed costs, especially for poultry where maize is 50-55% of feed. Expect firmer prices for corn and substitute feed grains, and possible policy moves on imports that could ease sorghum and broken rice prices.
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.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
After 100 past neutral policy events, Rough Rice moved a median +0.0% over 5 sessions (51% higher; middle half -2.6% to +2.3%), and +0.7% 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.