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India's government is discussing a cut to the reserve sale price of broken rice offered to grain-based distilleries for ethanol production. Broken rice allocated at Rs 28/kg under the open market sale scheme has found no buyers because the price is seen as financially unviable.
FCI and agencies hold 28 million tonnes of rice stocks, well above the January buffer of 7.61 million tonnes.
Large state rice stocks and a possible lower reserve price could widen the use of rice in ethanol and reduce pressure on maize as an ethanol feedstock. Lower prices in the domestic rice complex are the likely result.
gleaf.inauthor23 Des 2024Setelah 100 peristiwa kebijakan bearish sebelumnya, RICE bergerak median -0,1% selama 5 sesi (49% lebih tinggi; separuh tengah -1,7% sampai +1,6%), dan +0,1% selama 20 sesi.
Setelah 318 peristiwa kebijakan bullish sebelumnya, CORN bergerak median -0,1% selama 5 sesi (48% lebih tinggi; separuh tengah -1,4% sampai +1,5%), dan -0,2% selama 20 sesi.
Pergerakan benchmark setiap komoditas dari penutupan terakhir sebelum peristiwa. Pembacaan historis menggabungkan peristiwa serupa di masa lalu; itu menggambarkan apa yang terjadi, bukan apa yang akan terjadi. Bukan nasihat investasi.
