Cepea, May 3, 2021 – Prices for hydrous and anhydrous ethanol rose sharply in São Paulo State (SP) in April, the first official month of the 2021/22 season. The boost came from the gradual increase in sugarcane crushing in central-southern Brazil and higher demand from distributors.
Between April 26 and 30, the CEPEA/ESALQ Index for hydrous ethanol (prices paid to ethanol plants) averaged 2.6589 BRL/liter (zero ICMS and zero PIS/Cofins) in SP, 14.8% up compared to that in the last week of March (29 a 1º). As for anhydrous ethanol, the CEPEA/ESALQ Index averaged 3.0237 BRL/liter, 19.7% up in the same comparison.
Between March 31 and April 30, the ESALQ/BM&FBovespa daily Index for the hydrous ethanol delivered to Paulínia (SP) rose by 14.2%, to 2,732.00 BRL/cubic meter (zero taxes), on April 30.
The average price gap between anhydrous and hydrous ethanol in SP closed at 11.9% in April. Although this gap is narrower than that in the same period last year, at 14.8%, it has been widening since the first week of April. In the 2020/21 season, the average gap closed at 14.1%, according to Cepea calculations based on the weekly Indexes of both types of ethanol.