India Achieved An Average of 11.6% Ethanol Blending Rate in first Four Month of Supply Year 2023-24

Maize (Corn)

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During the initial four months of the 2023-24 supply year, starting from November, India has achieved an average ethanol blending rate of 11.60 percent, below the government's target of 15 percent for the entire year. Out of the 8.25 billion liters of ethanol supply tender opened by Oil Marketing Companies (OMCs), bids equivalent to 5.62 billion liters were received from companies in the first offering. Among these bids, approximately 2.69 billion liters of ethanol were to be supplied by the sugarcane industry, while the remaining 2.92 billion liters were to come from grains.