11 October 2013 18:24 [Source: ICIS news]
HOUSTON (ICIS)--Brazil ethanol exports dropped 39% in July on higher prices and declining shipments from Santos and Paranagua, according to data released by the Williams Shipping Agency on Friday.
Ethanol exports from Brazil totalled 216,789 tonnes during September, compared with 353,765 tonnes in the same month of 2012.
Higher prices in Brazil appear to have put a damper on exports. September anhydrous ethanol prices averaged 4% higher than August. Demand in the South American country is lacklustre, and producers have been limiting their offers to keep prices up, sources said.
The two Brazilian ports that exported ethanol – Santos and Paranagua – showed big declines in shipments.
Exports from Santos, Latin America’s largest port, totalled 211,330 tonnes, a decline of 26% from 285,648 tonnes shipped in the same month a year earlier. And exports from Paranagua plunged to 5,449 tonnes, compared with 68,117 tonnes in September 2012.
Fifteen ships carried most of the September shipments, with six headed to the US. The largest Brazilian ethanol export in September this year, 27,425 tonnes on the Atlantic Symphony, sailed to Houston.
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