Brazilian hydrous ethanol prices jump 19% in a month

May 28, 2020 |

In Brazil, Platts reports that on the back of 28% higher gasoline prices in May, hydrous ethanol prices have been steadily increasing since May 13, already rising by almost 19% in a month. Between January 14 and April 29, Petrobras cut gasoline prices a whopping 12 times which hit the competitiveness of ethanol prices just as mills were starting the new crushing season. Together with reduced demand from the COVID-19 pandemic, prices for ethanol crashed. Petrobras has since raised gasoline prices four times, helping to support ethanol.

Category: Fuels

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