Brazil ethanol prices drop on weaker buyer interest

03 August 2010 20:42  [Source: ICIS news]

HOUSTON (ICIS)--Brazilian ethanol prices dropped slightly in the week ended 30 July amid limited buyer interest, research group CEPEA said on Tuesday.

CEPEA assessed hydrous ethanol at Brazilian reais (R) 0.8181/litre ($1.77/gal), down by 0.2% from R0.8201/litre in the week ended 23 July.

Anhydrous ethanol was assessed at R0.9470/litre, down by 0.5% from R0.9516/litre a week earlier.

Brazil uses hydrous ethanol as a stand-alone fuel in flexible-fuel vehicles (FFVs), while anhydrous ethanol is blended in gasoline at a mandated 25%.

CEPEA’s price assessments are ex-tank and do not include taxes.

($1 = R1.75)

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By: William Lemos
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