Demand supports figures at the end-of-month

Brazilian ethanol prices closed almost stable during the last week of August, differently from what normally happens at the end-of-month. The support came from the slightly higher demand, especially for anhydrous. Between August 25th and 29th, the CEPEA/ESALQ (Sao Paulo state) for this type averaged 0.8660 real or 0.5312 dollar per liter (excluding taxes), up 0.5 percent in Real. The hydrated, in turn, devaluated small 0.36 percent in Real, at 0.7386 real or 0.4531 dollar per liter (excluding taxes).

In August, the monthly CEPEA/ESALQ Index for anhydrous averaged 0.8585 real or 0.5334 dollar per liter (excluding taxes), down 1.69 percent in Real from July. For the hydrated, the Index averaged 0.7193 real or 0.4469 dollar per liter (excluding taxes) in August, increasing slight 0.16 percent in Real.

According to the Sao Paulo Sugar Cane Agroindustry Union (Unica), from April this year (2008/09 crop beginning) until the first fortnight of August, 244.15 million tons of sugarcane were already processed in the Center-Southern region, which represents increase of 8.47 percent in relation to the same period of the previous season. The hydrated ethanol production enlarged expressively comparing the partial of this crop to the same period of the previous season, 23.15 percent; for anhydrous, on the other hand, there was a decrease of 1.45 percent.

Regarding the price parity calculated by Cepea, the anhydrous ethanol remunerated as much as the sugar during the last week of August (25th to 29th). In relation to the hydrated, the sugar remunerated 10 percent more. Comparing the two types of ethanol, the anhydrous remunerated 11 percent more than hydrated in the same period. (Cepea - Brazil)

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