16 November 2010 20:34 [Source: ICIS news]
CEPEA assessed anhydrous ethanol at Brazilian reais (R) 1.1871/litre ($2.61/gal) in the week ended 12 November, up by 0.4% from R1.1828/litre a week earlier.
Hydrous ethanol was assessed at R0.9936/litre, up by 1.1% from R0.9830/litre in the previous week.
The uptrend in the Brazilian ethanol market stemmed from firm demand and continued tight supply, according to sources.
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 prices are ex-tank and do not include taxes.
($1 = R1.72)
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