Production of corn-based ethanol for the 2021/22 season in the Brazil’s Center-South region reaches the volume of 2.10 million m³. The information was published by the Weekly Bulletin of the Institute of Agricultural Economics in Mato Grosso (Imea). The recent increase in production is related to the increase in corn crushing. In November, the margin on the price of corn was BRL 60.05 per bag, which corresponds to 89.26% of the price of corn in the period, this is the largest share since December 2019. The 13.98% rise of hydrous ethanol in the monthly comparison of Cepea contributed to the current scenario. On the other hand, the average price of the available corn in the state of Mato Grosso fell 1.23% and reached R$ 66.03 per bag. On the Chicago Stock Exchange (CME-Group), the price of corn rose 1.06% compared to last week and averaged US$ 5.79 per bushel.
Source: Jornal Cana (*Translated by Ia Niani)