In India, Financial Express reported that given the high rice stocks, the government of India is discussing a reduction in the reserve sale prices of broken rice offered to grain-based distilleries for ethanol manufacturing from the central pool held by the Food Corporation of India (FCI).
The report noted that discussions are on to get more clarity on the availability of feed stock – maize and rice for manufacturing bio-fuels. Officials acknowledge that there has been no takers for broken rice allocated for ethanol manufacturers because of higher prices fixed by the government.
In August, the government lifted a 13 months ban on rice sales to ethanol distilleries by sanctioning purchase of 2.3 million ton (MT) from the central pool grain stocks for distilleries at Rs 28/kg excluding transportation cost. The rice was to be sold through e-auction under the open market sale scheme (OMSS) of the FCI.
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Tags: ethanol, India, Rice
Category: Food & Agriculture
