11 November 2008 15:49 [Source: ICIS news]
Cepea assessed anhydrous ethanol at Brazilian reais (R) 0.8740/litre ($1.52/gal), down 0.5% from R0.8783/litre a week earlier.
Hydrous ethanol was assessed at R0.6823/litre, down 0.2% from R0.6838/litre in the previous week.
Cepea said heavy rainfall last week impacted sugarcane harvesting in parts of Sao Paulo, lending support to ethanol prices due to reduced supply of the biofuel.
Sao Paulo is Brazil’s main ethanol producing state.
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 = R2.17)
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