Cepea: Brazil Ethanol Prices Mostly Higher on Lower Supply
NEW YORK (DTN) -- Brazilian ethanol prices edged mostly higher over the past two weeks as supplies decreased due to dry weather conditions, with most sugar mills in the South-Central region now idled, according to a new report by Cepea, a market research center linked to Brazil's Sao Paulo University.
The Cepea report shows the average price of hydrous ethanol in Sao Paolo rose 1.4% last week to the equivalent of $1.99 a gallon on June 28. In the past three weeks, the average price has risen 7%.
Anhydrous ethanol prices ...