29 June 2011 02:32 [Source: ICIS news]
INDIANAPOLIS (ICIS)--Brazil's anhydrous ethanol spot prices rose by 4% in the week ended 24 June on continued firm demand, research group CEPEA said on Tuesday.
CEPEA assessed anhydrous ethanol at Brazilian reais (R) 1.2729/litre ($3.01/gal) last week, up from R1.2231/litre in the week ended 17 June.
Hydrous ethanol was assessed at R1.1488/litre, steady with R1.1496/litre in the previous week, the research group said.
Brazil uses hydrous ethanol as a standalone fuel in flexible-fuel vehicles (FFVs), while anhydrous ethanol is blended in gasoline at a mandated 18-25%.
CEPEA prices are ex-tank and do not include taxes.
($1 = R1.60)
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