AreaIndia

Commodity GroupRice

CommodityAll

Date07/12/2020

Policy CategoryStocks

Policy InstrumentStock release, biofuels

DescriptionDecided that, for the remainder of the 2020/21 Open Market Sales Scheme, the reserve price of rice for state and central government schemes, including for ethanol production, would be set at INR 20 000 (USD 272) per tonne, while for private entities it would remain at INR 22 500 (USD 306) per tonne, with the exception of those destining supplies to ethanol production, for which the lower INR 20 000 (USD 306) per tonne reserve price would apply.

NotesExchange rate as of 15 May 2021.