Brazilian ethanol market kept moving at better pace last week. The hydrated ethanol was more traded in comparison to anhydrous. Most part of mills in the Center-Southerner region that had already finished harvest activities from 2006/07crop traded due to the necessity of cash.
The CEPEA/ESALQ Index for hydrated (Sao Paulo state - produces around 60 percent of Brazilian sugarcane) upped 0.97 percent, to 0.75384 real or 0.35079 dollar per liter (excluding taxes). For anhydrous, the Index kept almost unchanged, averaging 0.84842 real or 0.39480 dollar per liter (excluding taxes).
In November, the CEPEA/ESALQ Index (Sao Paulo state) decreased 0.93 percent in relation to October, averaging 0.85893 real per liter (excluding taxes). The hydrated devaluated 0.92 percent, to 0.75159 real per liter (excluding taxes).