Prices end August on the rise in SP

Cepea, September 2nd, 2021 – The month of August ended with ethanol prices (hydrous and anhydrous) on the rise in central-southern Brazil. The boost came majorly from the low supply of the biofuel.

 

Agents from the market continued to monitor the weather. Many of them are uncertain about supply in the offseason, which is expected to last longer this year. According to Cepea surveys, a few ethanol plants are supposed to end sugarcane processing in the second fortnight of September, a lot earlier than that last season. Besides, the current weather conditions may reflect on the availability of sugarcane next season (2022/23).

 

In São Paulo, between August 23 and 27, the CEPEA/ESALQ Index for hydrous ethanol rose by 7.4% compared to that in the last week of July (26 – 30), closing at 3.1878 BRL/liter. In the same comparison, the CEPEA/ESALQ Index for anhydrous ethanol increased by 10.4%, to 3.7849 BRL/liter. The nearness of the national holiday on September 7th (Independence Day of Brazil) increased the demand for ethanol in late August.

 

The ESALQ/BM&FBovespa daily Index for the hydrous ethanol delivered to Paulínia (SP) averaged 3,203.18 BRL/cubic meter in August, 7.2% up from that in July.

 

(Cepea-Brazil)

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