Domestic ethanol trades remunerated more than exports in September. This advantage was not observed since April this year. Among the reasons is the devaluation of the dollar against the Real, of 6.57 percent in the accumulated of last month.
It was considered the FOB hydrated price of 339.79 dollar per metric cubic of average of September (discounting 46.00 dollars of shipping expenses and freight in order to obtain the prices related to trades at the mill). It resulted in a value of 558.85 dollar per metric cubic - based on the exchange rate of 1.90 real per dollar of Sept. This price is lower than the CEPEA/ESALQ monthly Index for hydrated (0.58096 real or 0.30490 dollar per liter).
Between October 8th and 11th, the CEPEA/ESALQ Index (Sao Paulo state) for anhydrous dropped slight 0.21 percent over the previous week, averaging 0.65816 real or 0.36403 dollar per liter (excluding taxes). The hydrated devaluated only 0.19 percent, to 0.57917 real or 0.32034 dollar per liter (excluding taxes).