25 January 2011 16:35 [Source: ICIS news]
CEPEA assessed hydrous ethanol at Brazilian reais (R) 1.1075/litre ($2.51/gal, €0.49/litre), up by 0.3% from R1.1044/litre in the week ended 14 January.
Anhydrous ethanol was assessed at R1.2278/litre, down by 0.4% from R1.2326/litre in the previous week.
Brazil blends anhydrous ethanol in gasoline at a mandated 25%, while hydrous ethanol is used as a stand-alone in flexible-fuel vehicles (FFVs), competing directly against gasoline.
CEPEA prices are ex-tank and do not include taxes.
($1 = €0.73)
($1 = R1.67)
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