Hydrated ethanol rose 4.66% in the plants of São Paulo between Monday and Thursday. The weekly fuel liter ranged from R $ 1.8962 to R $ 1.9846, on average, according to the Center for Advanced Studies in Applied Economics (Cepea / Esalq). The value is the new historical record in nominal terms in more than 16 years of evaluation of the research institution and exceeds the previous one, of R $ 1.9528 liter, for the week ended March 11st, 2016. Meanwhile, the value of anhydrous increased 8.67% this week, from R $ 1.9360 to R $ 2.1038 a liter, on average, the highest since the week ended November 11, 2016, of R $ 2, 1094 or liter. The high demand for biofuel, especially hydrated, and the small supply in the 2019/2020 sugarcane harvest – whose harvest began later and suffered from rain delays – are the main causes of the spike in biofuel prices.
Source: Dinheiro Rural