02 April 2013 21:27 [Source: ICIS news]
MEDELLIN, Colombia (ICIS)--Brazil hydrous and anhydrous ethanol prices were largely stable as the week-long holiday of Holy Week drew to a close and the 2013/2014 harvest season ramped up, research group CEPEA said on Tuesday.
CEPEA assessed hydrous ethanol prices from the 25 to 28 of March at R1.2030/litre ($2.25/gal, €0.46/litre), down by 0.06% from the previous week.
Anhydrous ethanol rose by 0.08% to 1.3368/liter from the previous week.
Brazil blends anhydrous ethanol in gasoline at a mandated 20%, while hydrous ethanol is used as a standalone fuel in flexible-fuel vehicles (FFVs).
Brazil will increase its anhydrous ethanol blending rate in gasoline to 25% on 1 May, the government announced recently.
CEPEA prices are ex-tank and do not include taxes.
($1 = €0.78, $1 = R2.02)
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