08 April 2008 20:28 [Source: ICIS news]
HOUSTON (ICIS news)--Brazilian ethanol prices continued to drop in the week ended on 4 April, pressured by the start of the sugarcane harvest in the centre-south region, research group Cepea said on Tuesday.
Centre-south mills produce ethanol from April to November. The region accounts for more than 85% of ?xml:namespace>
Cepea assessed anhydrous ethanol at Brazilian reais (R) 0.80765/litre ($1.79/gal), down by 1.55% from R0.82037/litre in the week ended 28 March.
Hydrous ethanol was assessed at R0.72138/litre, down by 3.14% from R0.74479/litre in the previous week
Cepea’s price assessments do not include a federal tax of 3.65% levied on both hydrous and anhydrous product. A state tax of 12% is also applied to hydrous ethanol in
($1 = R1.70)
For more on ethanol visit ICIS Chemical Intelligence
Bookmark Simon Robinson’s Big Biofuels Blog for some independent thinking on biofuels
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|