Brazilian anhydrous ethanol prices decreased in the accumulated of the first fortnight of August, pressed by the higher supply. For the hydrated, on the other hand, the better demand during the last week (from August 11th to 15th) was enough to boost the values even with the increase in the supply.
Comparing the end of July (between Jul 28th and August 1st) to the week of Aug 11th to Aug 15th, the CEPEA/ESALQ Index for the anhydrous dropped 2.03 percent in Real, averaging 0.8494 real or 0.5230 dollar per liter (excluding taxes). For the hydrated, the Index increased 1.96 percent in Real, at 0.7111 real or 0.4379 dollar per liter (excluding taxes).
According to Unica (Sao Paulo Sugar Cane Agroindustry Union), the hydrated production enlarged 25.12 percent comparing this crop to the same period last season. For the anhydrous, the production increased only 0.19 percent until the end of July. On the other hand, the Brazilian ethanol consumption upped 52.94 percent in the first semester this year in relation to the same period 2007, becoming equal to the national demand of gasoline - National Petroleum, Natural Gas and Biofuel Agency (ANP) data. (Cepea - Brazil)