Tag: Brazil

Brazil’s August ethanol exports up 2.5 times on year but fell 8% from July

Brazil’s August ethanol exports up 2.5 times on year but fell 8% from July

September 2, 2015 |

In Brazil, ethanol exports hit their second highest level this in August at 192.6 million liters, 2.5 times higher than August 2014. The level is down 8% from July’s 213.5 million liters. Kingsman expects that at least half of the volume exported in August went to the US, thanks to a strong dollar against the […]

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Brazilian labor court fines $13 million for slave-like conditions of construction workers in Angola

Brazilian labor court fines $13 million for slave-like conditions of construction workers in Angola

September 2, 2015 |

In Brazil, a labor court has convicted Odebrecht of using slave-like practices with its Angola workers during the construction of the company’s ethanol project in the country. The court has fined the company $13 million as a result, which it vows to appeal because it says the company in charge of the construction labor at […]

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BNDES to provide up to $552 million to mills for offsetting ethanol storage costs

BNDES to provide up to $552 million to mills for offsetting ethanol storage costs

September 1, 2015 |

In Brazil, the national development bank, BNDES, has approved up to $552 million in loans to help ethanol producers store the fuel until prices are higher during the intercrop season. The funds could help to store up to 1.4 billion liters of ethanol, roughly 5% of the expected production from the current harvest. Last year’s […]

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Brazilian hydrous ethanol consumption hits all-time record in July

Brazilian hydrous ethanol consumption hits all-time record in July

August 24, 2015 |

In Brazil, hydrous ethanol consumption jumped to an all-time high in July at 1.55 billion liters, up 53% on the year and 4% from June, and the highest consumption since the last record was set at 1.51 billion liters in December 2009. So far this year, total ethanol consumption is up 40% at almost 9.94 […]

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Brazilian biodiesel auction sells 696.8 million liters with 100% holding a social seal

Brazilian biodiesel auction sells 696.8 million liters with 100% holding a social seal

August 18, 2015 |

In Brazil, ANP’s 44th biodiesel auction sold 696.8 million liters of the fuel with 100% having the social seal associated with the supply chain. The average price for the fuel was BRL2.162 per liter, just under 18% below the reference price for the auction. The first day of the auction on Aug. 8 saw 850.7 […]

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Brazilian hydrous ethanol prices on the rise as major producers stockpile

Brazilian hydrous ethanol prices on the rise as major producers stockpile

August 18, 2015 |

In Brazil, for the first time in six months, stronger hydrous ethanol prices have lead to a higher parity against gasoline of 61.5% in the southeastern market. Last week the parity level was at 61.3% but the difference could still be enough to dissuage some flex-fuel drivers away from using 100% hydrous ethanol at the […]

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San Martinho holding on to significant ethanol stocks in hopes of higher prices

San Martinho holding on to significant ethanol stocks in hopes of higher prices

August 12, 2015 |

In Brazil, San Martinho is holding 108.64 million liters of anhydrous ethanol stocks, up 106% on the year, and 59.4 million liters of hydrous ethanol stocks, up 54% on the year, in hopes of selling into the market during the inter-harvest season when prices are typically higher. The move has had a negative immediate impact […]

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Brazilian ethanol production seen hitting 27.5 billion liters in 2015/16

Brazilian ethanol production seen hitting 27.5 billion liters in 2015/16

August 10, 2015 |

In Brazil, Archer Consulting expects ethanol production during the current 2015/16 harvest to reach about 27.5 billion liters, more than the 26.6 billion liters previously estimated, as mills continue to favor ethanol production over sugar. It has estimated that sugar production will fall to 29.8 million tons from an estimated 32.6 million tons as a […]

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Brazilian ethanol exports to the US double in July

Brazilian ethanol exports to the US double in July

August 10, 2015 |

In Brazil, ethanol exports to the US doubled to their highest since January with 89 million liters exported in July. Kingsman estimates that roughly half of that was fuel ethanol. More tan 133 million liters are expected to ship from Brazil to the US during August, helping to boost the total ethanol exports for 2015. […]

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US H1 ethanol exports up 5% as Brazilian demand soars

US H1 ethanol exports up 5% as Brazilian demand soars

August 6, 2015 |

In Washington, the US Census Bureau said ethanol exports were up 5% during the first half of the year at 1.65 billion liters thanks increased demand from Brazil for undenatured fuel ethanol. About half of the exports were for fuel ethanol with more tan 80% of that going to Brazil. Those exports to Brazil were up […]

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