Brazilian hydrous ethanol demand remains high despite higher prices

In Brazil, hydrous ethanol demand continues to soar despite higher prices brought on by said demand increase. October consumption rose to 1.75 billion liters, up 45% on the year and 7% higher than in September. Hydrous ethanol prices were about 67% of gasoline’s in the six largest consuming states, representing about 85% of national consumption, but in November that has jumped to 72%. Typically 70% is the threshold when drivers start switching back to gasoline. Higher gasoline prices have helped to support demand.