16 August 2011 22:06 [Source: ICIS news]
HOUSTON (ICIS)--Brazil ethanol prices rose in the second week of August on increased demand, research group CEPEA said on Tuesday.
CEPEA assessed anhydrous ethanol at Brazilian reais (R) 1.3141/litre ($3.13/gal, 0.57/litre) last week, rising by 0.5% from R1.3079/litre in the prior week that ended 5 August.
Hydrous ethanol was assessed at R1.1530/litre, up by 1.4% from R1.1366/litre a week earlier, the research group said.
Brazil uses hydrous ethanol as a stand-alone 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 = R1.59)
($1 = €0.69)
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