NEWS
George Orwel DTN Energy Reporter
Tue Jan 21, 2014 03:46 PM CST

NEW YORK (DTN) -- Ethanol prices in Brazil edged up during the first half of January due to rising demand while supply held steady at the month prior level, according to a market report by Cepea, a research center linked to Brazil's Sao Paulo University.

The average price of anhydrous ethanol rose 5 cents to $2.35 gallon for the two-weeks to Jan. 17, while hydrous prices climbed 3 cents to $2.07 gallon.

Brazil produces both hydrous ethanol, which is used domestically in flex-fuel vehicles, and anhydrous ethanol, which must be blended with gasoline before being used to power regular automobiles.

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