Brazil ethanol prices inch up on continued firm demand

23 November 2010 14:40  [Source: ICIS news]

HOUSTON (ICIS)--Brazil’s ethanol prices rose slightly in the week ended 19 November on continued firm demand, research group CEPEA said on Tuesday.

CEPEA assessed anhydrous ethanol at Brazilian reais (R) 1.1891/litre ($2.62/gal), up by 0.2% from R1.1871/litre a week earlier.

Hydrous ethanol was assessed at R1.0005/litre, up by 0.7% from R0.9936/litre in the previous week.

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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By: William Lemos
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