02 August 2011 15:47 [Source: ICIS news]
HOUSTON (ICIS)--Brazil's anhydrous ethanol prices rose in the last week of July on firm gasoline demand, an economic research group said on Tuesday.
The Center for Advanced Studies on Applied Economics (CEPEA) assessed the biofuel at Brazilian reais (R) 1.3058/litre ($3.17/gal) last week, rising by 0.8% from R1.2957/litre in the week ended 22 July.
Brazil blends anhydrous ethanol in gasoline at a mandated 18-25%.
Hydrous ethanol, which is used as a stand-alone fuel in flexible-fuel vehicles (FFVs), was assessed at R1.1375/litre, steady with R1.1372/litre in the previous week, the research group said.
CEPEA prices are ex-tank and do not include taxes.
($1 = R1.56, $1 = €0.70)
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