25 October 2011 23:28 [Source: ICIS news]
HOUSTON (ICIS)--Brazil ethanol prices were mixed in the third week of October, research group CEPEA said on Tuesday, citing some supply length for anhydrous ethanol and limited availability on the hydrous side.
CEPEA assessed hydrous ethanol last week at Brazilian reais (R) 1.2322/litre ($2.67/gal, €0.51/litre), up by 1.2% from R1.2174/litre in the week ended 14 October.
Anhydrous ethanol prices were assessed at R1.3822/litre, slightly down from R1.3841/litre a week earlier, the research group said.
Brazil uses hydrous ethanol as a stand-alone fuel in flexible-fuel vehicles (FFVs), competing directly with gasoline, while anhydrous ethanol is blended in gasoline at a mandated 20%.
CEPEA prices are ex-tank and do not include taxes.
($1 = R1.75)
($1 = €0.72)
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