28 October 2008 22:11 [Source: ICIS news]
Cepea assessed anhydrous ethanol at Brazilian reais (R) 0.8874/litre ($1.49/gal), down by 3.6% from R0.9203/litre a week earlier.
Hydrous ethanol was assessed at R0.7112/litre, also down by 3.6% from R0.7376/litre in the previous week.
Brazil uses hydrous ethanol as a stand-alone fuel in flexible-fuel vehicles (FFVs), while anhydrous is blended in regular gasoline at 25%.
Cepea’s price assessments are ex-tank and do not include taxes.
($1 = R2.25)
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