24 March 2009 18:25 [Source: ICIS news]
Cepea assessed hydrous ethanol at Brazilian reais (R) 0.6396/litre ($1.08/gal) last week, a 6.1% drop from R0.6809/litre in the week ended 13 March.
Anhydrous ethanol was assessed at R0.7234/litre, down by 5.5% from R0.7657 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 = R2.25)
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