Brazil ethanol prices rise on holiday demand boost

20 November 2012 21:34  [Source: ICIS news]

HOUSTON (ICIS)--Brazil ethanol prices rose last week on firmer demand as a result of a national holiday on 15 November, research group CEPEA said on Tuesday.

CEPEA assessed anhydrous ethanol prices at Brazilian reais (R) 1.2555/litre ($2.28/gal, €0.47/litre) in the week that ended on 16 November, up by 6.5% from R1.1784/litre a week earlier.

Hydrous ethanol was assessed at R1.1125/litre, up by 4.5% from a week earlier.

Brazil uses hydrous ethanol as a standalone fuel in flexible-fuel vehicles (FFVs), competing against gasoline, while anhydrous ethanol is blended in gasoline at a mandated 20%.

CEPEA prices are ex-tank and do not include taxes.

($1 = R2.08)

($1 = €0.78)

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By: William Lemos
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