In Brazil, the Centre for Advanced Applied Economics (CEPEA) says hydrous ethanol prices rose last week in the Sao Paulo area to $1.87/gal, up 1.6% on the week, thanks to increased demand for stock building. Sugar mills are switching towards more sugar production thanks to higher prices, which may eventually have an impact on ethanol supplies. Anhydrous prices held steady on the week at roughly the same price as hydrous with most purchases under contract rather than spot.
Category: Fuels