Brazilian hydrous ethanol reaches highest level since 2014 putting competitiveness in doubt

In Brazil, Platts reports that hydrous ethanol prices have soared to the highest level since April 2014 as supplies tighten during the January-April inter-harvest period. Most mills have sold the majority of the season’s production, leaving low supply levels in the hands of the few. Despite stronger prices, hydrous ethanol has remained competitive to gasoline since July when Petrobras raised prices but reaching these new levels may be that competitiveness in doubt as the inter-harvest season progresses.