Brazil crush resumes, spot market prices slide: CEPEA

16 July 2013 15:14  [Source: ICIS news]

MEDELLIN, Colombia (ICIS)--Brazil’s harvest and sugarcane crush geared up as weather remained sunny and production resumed, research group CEPEA said on Tuesday.

The resumption of the crush and increased supply offered to the market pushed prices lower over the previous week, CEPEA said.

Hydrous ethanol prices in the week ended 12 July were at Brazilian reais (R) 1.1349/litre ($1.93/gal, €0.39/litre) a decrease of 1.6%, CEPEA said.

Anhydrous prices, without taxes or freight included, were at R1.3123/litre, down by 0.7% over the same period, according to CEPEA.

The price does not include taxes or freight, according to the research group.

($1 = €0.77, $1 = R2.23)

By: Leela Landress
+1 713 525 2653

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