Ethanol sales in Brazil fell in November as demand impacted prices

In Brazil, ethanol sales fell off significantly during November, down 8% from October for anhydrous at just 2.52 million cubic meters compared to 2.74 million cubic meters the month before, and down 15.6% for anhydrous at 1.57 million cubic meters. Despite the falling sales, ethanol consumption through November is still higher on the year. October saw a major jump in ethanol sales following the government’s raising of gasoline prices that in turn made ethanol—especially hydrous ethanol—more attractive. But as demand grew, ethanol prices also increased and that weighed on the attractiveness of switching.