23 August 2011 18:49 [Source: ICIS news]
HOUSTON (ICIS)--Brazil ethanol prices rose in the third week of August on continued firm demand and tight supply, research group CEPEA said on Tuesday.
CEPEA assessed anhydrous ethanol at Brazilian reais (R) 1.3786/litre ($3.26/gal) last week, up from R1.3141/litre in the week ended 12 August.
Hydrous ethanol was assessed at R1.2102/litre, up from R1.1530/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 = R1.60)
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