Brazilian anhydrous ethanol prices have been moving between 0.96 and 0.98 real or 0.43 and 0.44 dollar per liter (excluding taxes) since May. The hydrated one keeps from 0.83 to 0.85 real or 0.37 to 0.38 dollar per liter. Mills are focused on exports, resulting on a limited domestic supply. In general terms, prices follow the same behavior of the last season, but at higher levels.
In spite of the tariff imposed by USA to the Brazilian exports, the current price level keeps exports to that market very attractive.
The sugar cane processing reached 69.38 million tones up to June 1st, an equivalent to 18.5 percent of the total processing projected to this season (375 million tones), according to Unica (São Paulo Sugar Cane Agroindustry Union). That resulted on a production of 4.03 million tones of sugar, 1.07 billion liters of anhydrous ethanol and 1.61 billion liters of hydrated ethanol.