Cepea, February 4, 2020 – The total volume of hydrous ethanol traded in January in the Brazilian market was more than 19% higher than that sold in December 2019. Compared to that in January/19, the amount marketed last month was 5.3% higher.
This season (from April/19 to January/20), the volume of hydrous ethanol already traded in Brazil is 6.9% higher than that from the same period last crop. Good sales performance is linked to the average price for ethanol at the pumps from São Paulo State, which has been advantageous along the 2019/20 crop – the exchange ratio between ethanol and gasoline C prices has been lower than 70% since the beginning of the season.
In the full weeks of January/20, the CEPEA/ESALQ Index for hydrous ethanol (paid to sugarcane producers) averaged 2.0660 BRL per liter (zero ICMS and zero PIS/Cofins), 3.18% up compared to that in the full weeks of December/19. As for anhydrous ethanol, the CEPEA/ESALQ Index averaged 2.2518 BRL per liter (zero PIS/Cofins), 3.05% up in the same comparison.
This season (April/19 to January/20), the monthly average of the CEPEA/ESALQ Index for anhydrous ethanol is 4.3% higher than that in the same period last crop. For hydrous ethanol, the Index is 5.64% higher, in the same comparison (values were deflated by the IGP-M from Jan/20).