Cepea, March 3, 2020 – In February, the average monthly prices for ethanol, both hydrous and anhydrous, increased for one more month in Brazil – the upward trend of quotes has been observed since October 2019. In the full weeks of February, the CEPEA/ESALQ Index for hydrous ethanol (paid to farmers) averaged 2.123 BRL per liter (zero ICMS and zero PIS/Cofins), 2.76% up compared to that in the full weeks of January. As for anhydrous ethanol, the CEPEA/ESALQ Index rose 0.95%, in the same comparison, averaging 2.2733 BRL per liter (zero PIS/Cofins) – considering only the spot market.
Near the end of the 2019/20 crop, the monthly average of the CEPEA/ESALQ Index for hydrous ethanol is 6.8% higher than that from the same period last season (from 1.75 BRL/liter to 1.87 BRL/liter). As regards anhydrous ethanol, the monthly average for the CEPEA/ESALQ Index is 5.63% higher, in the same comparison, averaging 2.0438 BRL/liter – against 1.9503 BRL/liter.
As regards the amount of hydrous ethanol traded in February, it decreased 30.6% compared to that from January, being also lower than that in the same period last year – when, it is worth to mention, it was the highest for the month, considering all Cepea series.