Prime Minister Modi recently assessed the Ethanol Blending Program (EBP) for India and wants 10 percent of the output made available across the country. However, there are certain obstacles to meeting this target that must first be addressed. India’s Wheat Situation Over the years, Food Corporation of India(FCI) has sold wheat under the Open Marketing Sales Scheme (OMSS) for bulk users at a fixed limit of 5,000 MT. Last week, however, that was revised to 500 MT and then changed to 2,000 MT for each individual bulk buyer in order to avoid any hoarding. There has been apprehension that a larger allocation would enable stockpiling, leading to a shortage in the open market and higher prices, much as occurred with pulses.Delhi is the hub for w...

TAGS – Wheat, Biofuels, Energy, Softs, India