04 February 2014 17:12 [Source: ICIS news]
HOUSTON (ICIS)--Brazilian ethanol prices remained relatively stable at the end of January compared with a week earlier, research group CEPEA said in a report on Tuesday.
CEPEA assessed average hydrous ethanol prices for the week ended 31 January at Brazilian reais 1.2861/litre ($2.01/gal), 0.2% higher than in the previous week. Anhydrous ethanol prices were assessed by CEPEA at R1.4733/litre, 0.4% higher than in the previous week.
“Demand was higher during the last week of the month, but supply was also slightly higher, which limited increases,” CEPEA said.
The group had said in past weeks that throughout most of January prices remained stable amid very weak trading volumes.
Industry associations from Brazil have said that they expect stable prices until at least the end of March.
The January-March period in Brazil marks a hiatus in the sugarcane harvest/crushing season in the key centre-south region of the country. The harvest/crush season there runs from April-December.
($1 = R2.42)
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