India Uses Record Rice for Ethanol Amid Surplus

  Published 1 year ago

India allocates 5.2M tons of rice for ethanol to manage surplus stocks and boost blending targets amid sugarcane shortages.

  • Rice ethanol use rises as FCI holds 59.5M tons, exceeding targets, easing corn price pressures.
  • India nears 20% ethanol blending goal at 19.8%, up from 14.6% last year, thanks to abundant rice.
  • Surplus rice stocks may force more ethanol use next year as exports hit 40% of global shipments.

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