10 March 2009 15:49 [Source: ICIS news]
Cepea assessed hydrous ethanol at Brazilian reais (R) 0.6927/litre ($1.10/gal) last week, a 2.5% drop from R0.7107/litre in the week ended 27 February.
Anhydrous ethanol was assessed at R0.7818/litre, down by 5.6% from R0.8280 a week earlier.
Brazil uses hydrous ethanol as a stand-alone fuel and blends anhydrous in gasoline at 25%.
Cepea’s price assessments are ex-tank and do not include taxes.
($1 = R2.37)
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