Lower demand limits upward trend

The lower demand has limited the ethanol raises during the first fortnight of March. Between March 10th and 14th, the CEPEA/ESALQ Index (Sao Paulo state) for the anhydrous averaged 0.83959 real or 0.49551 dollar per liter (excluding taxes), stable over the previous week. For the hydrated, the average was of 0.75871 real or 0.44777 dollar per liter (excluding taxes), rising 0.42 percent in Real during the same period.

Distributors that are enough supplied reduced their purchases, betting on decreases with the beginning of the 2008/09 crop crushing process. (Cepea - Brazil)



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