02 January 2014 21:29 [Source: ICIS news]
HOUSTON (ICIS)--Prices for ethanol in Brazil during the 2014-2015 harvest/crush season are expected to remain close to levels seen in the most recent season, as current macroeconomic conditions will persist and sugarcane production rates in the key center-south region will be similar, research group CEPEA said on Thursday.
As for supply, CEPEA said that the country's sugar industry association Unica has projected sugarcane processing for the 2014-2015 season in the center-south region at levels similar to those of last season, at about 587.9m tonnes.
Sugar is the raw material for ethanol production in Brazil.
Both hydrous and anhydrous ethanol prices have been relatively stable in 2013, though ethanol producers recently have seen their profitability impacted by higher production costs due to higher mandatory minimum salaries workers and increases in fertilizer and transportation costs, CEPEA said last week.
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