02 March 2007 11:17 [Source: ICIS news]
LONDON (ICIS news)--?xml:namespace>
However, exports in February fell by almost 38% when compared with January, when 337m litres of the biofuel were shipped. Part of the drop could be attributed to the fewer number of working days in February.
Ethanol export revenues in February stood at $93m (€70m), a 41% decrease from $158m in January, but more than the double the $45m registered in the year-earlier month, the government said.
The average price paid for Brazilian ethanol in February was $448/cbm (cubic metre) FOB (free on board), down from $468/cbm in January, but up from $314/cbm a year earlier, the foreign trade ministry said.
President George Bush is scheduled to arrive in
“This is clearly a new strategy by the
($1 = €0.76)
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