Brazil’s new ethanol futures contract

Brazil launched a futures contract for anhydrous ethanol on its Mercantile and Futures Exchange. The announcement was made on 24 April and the aim is to give producers and investors a chance of some certainty in the market in the future.

According to my friend, William Lemos, writing for ICIS news in Houston, Texas :

The new anhydrous contract is quoted in US dollars, and it debuted on Friday on Brazil’s futures exchange (BM&F) at $396/cubic metre (cbm). The contract ended on Tuesday 5.3% lower at $375/cbm.

(Disclosure: I work for ICIS: About ICIS)

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