Prices rise sharply in February, but averages are lower this season

Cepea, March 2, 2021 – Ethanol prices increased sharply in the Brazilian market in February. Besides the offseason, when supply is lower, the price rises for gasoline at refineries also influenced ethanol quotes in central-southern Brazil.


However, despite the valuations, the average prices for anhydrous and hydrous ethanol this season (2020/21) are still 1.5% lower than that in the same period of the previous crop (2019/20), considering the averages of the CEPEA/ESALQ monthly Indexes for anhydrous and hydrous ethanol between April 2020 and February 2021, in real terms (values were deflated by the IGP-M from Feb/2021).


Considering the full weeks of February, the CEPEA/ESALQ Index for hydrous ethanol averaged 2.4041 BRL/liter, 14.9% up compared to that in the full weeks of January. For anhydrous ethanol, the CEPEA/ESALQ Index rose by 10% (only in the spot market), averaging 2.6553 BRL/liter.


As for the monthly volume of hydrous ethanol sold in February, it was similar to that marketed in January. However, this season (April/20 to Feb/21), the amount traded is 26% lower, which accounts for more than 1.3 billion liters.





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