ETHANOL PRICE ROSE EVEN WITH RECORD CANE CROP

Despite the record sugarcane crop in Brazil, data from the Center for Advanced Studies in Applied Economics (Cepea) show that ethanol prices have remained high over the past three months. According to researcher Ivelise Bragato, sales of hydrous ethanol from the Center-South until November totaled 15.8 billion liters, an increase of 13.7%, due to the good competitive advantage of this biofuel against gasoline in gas stations. All of this improved pay in 2019 and the trend, says the expert, is to continue because of the National Biofuels Policy (RenovaBio). According to the Sugarcane Industry Union (Unica), the program will demand almost 100% of Brazil’s ethanol production over the next ten years. Benedito Rosa, commentator and former secretary of agricultural policy, distributors will be able to pass these costs to consumers, from $ 0.01 to $ 0.03 per liter for every 1 million tons of carbon dioxide saved.
Source: Canal Rural