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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