From shortage to surplus: India pours record rice crop into ethanol

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India, facing massive rice inventories exceeding government targets, is diverting record amounts of rice, 5.2 million metric tons, for ethanol production. This move aims to manage surplus stocks and sustain the ethanol blending program amidst sugarcane supply challenges. Increased rice availability for ethanol has also eased pressure on corn prices, benefiting the country's energy goals.