17 April 2012 20:01 [Source: ICIS news]
MEDELLIN, Colombia (ICIS)--Brazil ethanol prices declined during the last week, as ample supply was available from the previous crop season, research group CEPEA said on Tuesday.
CEPEA assessed hydrous ethanol at Brazilian reais (R) 1.2037/litre ($2.48/gal, €0.50/litre) during the week that ended on 13 April, down by 0.8% from the previous week.
Anhydrous ethanol prices were assessed at R1.2832/litre, lower by 0.6% during the week.
Hydrous ethanol is used in Brazil as a standalone fuel in flexible-fuel vehicles (FFVs), competing directly with gasoline, while anhydrous ethanol is blended in gasoline at a mandated 20%.
($1 = €0.76)
($1 = R1.84)
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