06 January 2011 16:03 [Source: ICIS news]
Ethanol exports totalled 1.6bn litres (423m gal) in the period, down from 2.8bn litres in the 2009-2010 harvest, according to data from the Brazilian group.
The figure refers to shipments from Brazil’s centre-south region, which accounts for 90% of the country’s ethanol production and where most ethanol mills are represented by Unica.
The sugarcane harvest in the area usually runs from April to November/December.
The drop in centre-south exports was widely expected because of a closed arbitrage window with the US, the main importer of Brazilian ethanol in recent years.
Unica did not release a final figure for sugar exports, but in August the association predicted sugar exports would increase by nearly 9% to 23m tonnes in the 2010-2011 crop year.
The expected increase resulted from record high sugar prices in the international market.
Unica said centre-south sugar production totalled 33.4m tonnes between April and 15 December, a 19.7% increase from 27.9m tonnes in the same period of the previous year.
Brazil is the world’s top sugar producer and the leading exporter of ethanol.
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections