In Washington, the Energy Information Agency reported an average of 53,000 barrels per day of ethanol imports last week following a massive import of Brazilian ethanol into Florida. The imports pushed nationwide stocks to a seven week high of 21.342 million barrels, up 697,000 barrels on the week. The vast majority of that was in […]
In Brazil, the Union of Brazilian Biodiesel Producers have released a study saying that introducing B20 in the urban bus fleets of the 40 metropolitan areas across the country that have more than 500,000 inhabitants would reduce fuel production CO2 emissions by up to 70% and fuel use emissions by up to 15%. More than […]
In Brazil, the stronger dollar is boosting demand for its ethanol exports while making US ethanol exports less attractive. Demand from the Middle East and Asia have picked up particularly. The US took over the title of top exporter last year as Brazil’s exports fell by half due to drought, but now the crown is […]
In Brazil, the national crop supply agency CONAB expects ethanol production rise 1.9% during 2015/16 to 29.2 billion liters, while overall cane production is seen 3% higher at 654.6 million metric tons. Drought has negatively impacted cane production while a higher ethanol blend of 27% hasn’t boosted demand for ethanol as much as expected.
In Texas, Brazil remains the top export destination for US ethanol, with February exports hitting 90.1 million liters, down 3% from January but up 84% on the year. Total exports reached 322.5 million liters for the month, up 24% over January and 27% on the year. More exports, mainly to the northern and northeastern regions, […]
In Brazil, March ethanol exports jumped 43% on the year to 111,000 cu m, up from 71,092 cu m exported in February, thanks to a weaker Real and combined with the onset of the new sugarcane crush. Prices fell to the lowest since 2009 at $440 per cubic meter by mid-March. On March 29, a […]
In Brazil, ANP’s biodiesel tender on March 27 saw 671.3 million liters sold of which 99.7% had the social seal attached, signifying that feedstock was supplied by family farmers. The average price was 65 cents per liter, down more than 18% from the cumulative average of 80 cents per liter. A total of 824.6 million […]
In Brazil, hydrous ethanol’s parity with gasoline in the country’s southeast reached 65.7% last week, the lowest in four months. Ample supplies ahead of the new sugarcane crush have weighed on prices since November, though they began recovering last week. Demand is expected to increase while hydrous remains below the 70% parity mark with gasoline.
In Brazil, along with flat expectations for ethanol production during 2015/16, Raizen expects to cuts its ethanol investments to around $600 million, roughly 25% lower than during the previous season. A weaker Real may boost demand for Brazilian ethanol exports but low gasoline prices dampens domestic demand for ethanol.
In Brazil, Cosan says it plans to produce more sugar this season while ethanol production should stay flat at around 2 billion liters, contradicting analysts’ expectation that a 27% blending mandate would encourage producers to favor ethanol over sugar production. The government may re-institute a fuel tax that would weigh on overall gasoline consumption, and […]