Undefined trend marks the market

Brazilian anhydrous and hydrated ethanol prices are not showing defined trend this season. Even with the superior ethanol production in the 2008/09 crop, the higher demand has been supporting the values.

Since the beginning of this crop, the anhydrous ethanol valuated 7.75 percent in Real, boosted also by the international demand. In 2007, this type dropped 37 percent. For the hydrated, there was a small decrease of 3.73 percent from April to July - against 38.6 percent last year.

Last week (between July 21st and 25th), the CEPEA/ESALQ Index (Sao Paulo state) for the anhydrous downed 0.64 percent in Real over the previous week, averaging 0.8840 real or 0.5599 dollar per liter (excluding taxes). For the hydrated, the decrease was of 1.11 percent in Real, at 0.7170 real or 0.4541 dollar per liter (excluding taxes). The pressure came from the higher supply - some mills, in order to make cash, offered a larger volume. (Cepea - Brazil)



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