07 January 2014 18:35 [Source: ICIS news]
HOUSTON (ICIS)--Hydrous ethanol prices in Sao Paulo, Brazil, rose over the previous week as distributors looked to restock to replace fuel sold between Christmas and New Year’s Eve, research group CEPEA said on Tuesday.
CEPEA assessed average hydrous ethanol prices for the week ended 3 January at Brazilian reais (R) 1.2835/litre ($2.06/gal, €0.40/litre), up by 0.6% from the previous week.
Anhydrous ethanol was assessed lower at R1.4422/litre, down by 0.6% in the same period, CEPEA said.
Prices fell amid very low negotiated volumes, it added.
The sugarcane harvest in the centre-south of the country, which accounts for 90% of Brazil’s ethanol production, runs from April to November/December. The sugarcane harvest in the northeast region of the country can extend from September to March.
Prices do not include taxes or freight, the group said.
Anhydrous ethanol, which does not contain water, makes up 25% of the gasoline blend sold in Brazil, as mandated by law. Hydrous ethanol is used as a stand-alone fuel by a significant number of Brazilian flexible-fuel vehicles (FFV).
($1 = €0.73)
($1 = R2.36)
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