31 July 2012 14:27 [Source: ICIS news]
HOUSTON (ICIS)--Brazil's anhydrous ethanol prices remained on a downtrend in the last week of July on continued supply pressure, research group CEPEA said on Tuesday.
CEPEA assessed anhydrous ethanol prices at Brazilian reais (R) 1.2697/litre ($2.36/gal, €0.51/litre) in the week that ended on 27 July, down by 0.7% from R1.2789/litre a week earlier.
Hydrous ethanol prices remained steady at R1.0592/litre, the research group said.
Brazil uses hydrous ethanol as a standalone fuel in flexible-fuel vehicles (FFVs), while anhydrous ethanol is blended in gasoline at a mandated 20%.
CEPEA prices are ex-tank and do not include taxes.
($1 = R2.04)
($1 = €0.82)
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