From the recent conference calls that I have attended of companies which make Ethanol and/or ENA from grains, I understand that those Managements think that it is highly likely that FCI rice will soon be available. Obviously, none of them stated it as a done deal as no one what’s to second guess Govt policy actions, especially after seeing so many twists and turns, but all of them suggested the same thing. FCI Godowns are full till the brim and there’s hardly any space left for the upcoming harvest. That makes them and me hopeful. If this happens, it most likely will cool down Maize prices as many Ethanol producers would move to Rice, thus reducing demand pressure on Maize.
Disc: Invested. Till announcement comes it’s just a conjecture.
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