Brazil ethanol prices rise on firmer demand - research group

01 February 2011 21:43  [Source: ICIS news]

HOUSTON (ICIS)--Brazilian ethanol prices were up in the last week of January, research group CEPEA said on Tuesday, citing active trade and firmer demand for the biofuel.

CEPEA assessed hydrous ethanol at Brazilian reais (R) 1.1118/litre ($2.52/gal), up by 0.4% from R1.1075/litre in the week ended 21 January.

Anhydrous ethanol was assessed at R1.2342/litre, up by 0.5% from R1.2278/litre in the previous week.

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

CEPEA prices are ex-tank and do not include taxes.

($1 = R1.67)

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By: William Lemos
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