Brazilian hydrous ethanol prices hit record high as rains hamper cane crush

In Brazil, Platts reports that rains in the main center-south sugarcane growing areas have created a tight supply situation for ethanol, pushing hydrous ethanol prices 18% higher during the first 11 days in April to $604.21 per cubic meter, a record high. One trader told Platts that he couldn’t source either hydrous or anhydrous for immediate delivery as a result of the supply shortage brought on by the lack of cane crushing. Typically ethanol is favored by sugar mills during the early part of the crush that officially kicked off on April 1.