Brazil anhydrous ethanol prices rise on reduced supply

29 January 2013 21:38  [Source: ICIS news]

HOUSTON (ICIS)--Brazil anhydrous ethanol prices rose last week on reduced spot supply, research group CEPEA said on Tuesday.

Anhydrous ethanol was assessed at Brazilian reais (R) 1.3580/litre ($2.56/gal, €0.50/litre) in the week that ended on 25 January, up by 2.3% from R1.3281/litre in the previous week.

CEPEA assessed hydrous ethanol prices at R1.1468/litre last week, up by 0.6% from R1.1402/litre in the week that ended on 18 January.

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

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

($1 = €0.74, R2.01)

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By: William Lemos
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