Shell buys 30,000 tons of Brazilian ethanol for import to Florida

In Florida, Royal Dutch Shell has booked 30,000 metric tons of ethanol from Raizen and Louis Dreyfus Commodities’ Biosev for shipment with end of March delivery. Brazil imported nearly the same amount in December. The trade is a result of the weakening real mixed with need to sell old crop ethanol as the new crush gets underway early. On a dollar basis, Brazilian ethanol is at its lowest in a year, but in real terms is only down 30%.