After surpassing 2 BRL/liter in Brazil, hydrous prices move down again

Cepea, December 17, 2019 – After moving up for three consecutive months, quotes of hydrous ethanol dropped in the second week of December because some mills needed to sell and distributors, in general, were refrained. At the beginning of the month, values had surpassed 2.00 BRL/liter.

 

Between December 9 and 13, the CEPEA/ESALQ Index for hydrous ethanol (paid to farmers) closed at 1.9933 BRL per liter (zero ICMS and zero PIS/Cofins), for a decrease of 0.82% compared to that in the previous week. As for anhydrous ethanol, the CEPEA/ESALQ Index closed at 2.1887 BRL per liter (zero PIS/Cofins), 0.76% up in the same comparison.

 

The pace of trades was slower in the first fortnight of December, which is attributed to the high volume of negotiations observed in September, October and November. Distributors anticipated purchases in that period, fearing price rises at the end of crushing activities in the Central-South and aiming to meet the sharp demand for biofuels in the retail market.

 

EXPORTS – Brazil has exported 1.475 billion liters of ethanol this season (April to November), 13.11% more than that in the same period last crop. In November, Brazil shipped 181.1 million liters, and revenue totaled 91.6 million USD (380.625 million BRL), according to Secex.

 

(Cepea-Brazil)

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