BRAZIL: Ethanol prices rise for the 5th consecutive week in São Paulo
Published: 06/13/2018, 6:58:08 AM
Prices of hydrous and anhydrous ethanol in São Paulo state have risen for the fifth consecutive week, due to heated demand, according to data by the Centre for Advanced Studies on Applied Economics (CEPEA), reports Sugaronline.
Higher demand by distributors to supply fuel stations after the truckers strike contributed for the price increase last week.
Total volume of anhydrous ethanol traded last week was the largest for a week in the recent crop and five times greater than the volume registered in the start of the season.
From June 4-8, CEPEA/ESALQ index for hydrous ethanol increased 0.58%, to BRL1.6966/litre (US$0.4663) from the previous week. Anhydrous ethanol closed at BRL1.855/litre (US$0.4880), up 1.87% from the previous week.