India Uses Record Rice for Ethanol Amid Surplus

  Published 11 months 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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