Brazilian ethanol market started October at a slow pace. However, in the second week - which had a holiday on October 12 -, larger volumes were traded. Normally, on holidays, fuel sales increase. Besides that, distributors were more willing to trade for stock replacement in that period.
Between October 9 and 13, prices decreased a little, due to the slightly higher supply. The CEPEA/ESALQ Index (Sao Paulo state) for anhydrous ethanol downed only 0.4 percent in relation to the week before, averaging 0.86687 real or 0.4051 dollar per liter (excluding taxes). The hydrated one averaged 0.75878 real or 0.3546 dollar per liter (excluding taxes), decrease 0.5 percent.
In the last four weeks, the Index of anhydrous decreased 2.2 percent. For hydrated, there was an increase of 0.66 percent in the same period.
In September, Brazilian ethanol exports amounted 364.2 million liters, a reduction of 24 percent in relation to the volume exported in August. In comparison to the same period of last year, the volume is 37 superior, according to Secex (Foreign Trade Secretariat).
According to Unica (Sao Paulo Sugar Cane Agroindustry Union), the Center-Southern region produced, until the end of September, 12.4 billion liters of ethanol. For the hydrated, the volume (6.6 billion) is 23.6 percent higher to the same period of last year. The volume of anhydrous produced (5.8 billion) is 1.8 percent superior.
In September, almost 80 percent of the cars (passenger vehicle) sold in Brazil were flex fuel - gasoline and ethanol.