The Food Corporation of India had tightened supply of broken rice which has now been reversed. However earlier FCI was providing broken rice for ethanol @ Rs. 2250 /qtl flat where as now it will be acutioned as per latest circular base price is @ Rs. 2873/ qtl and will have a cap of 23 LMT for ethnol distillers.
News of FCI
New Circular -
My concern is regarding the offtake cap. We need to check with management whether FCI rice will cover the entire raw material requirement or only a part of it.