Andy Duff, the head of the sectoral research area at Rabobank Brasil, is convinced that the price of ethanol will start to rise in the last quarter of this year with the off-season. He also recalls that, according to current rules, federal taxes will be levied on both gasoline and ethanol as of January 1, 2023. “The sum of these factors should bring a significant increase in the gasoline price, and to a lesser extent, in the ethanol price since the value of taxes is higher for gasoline. These factors will weigh heavily on the ethanol commercialization strategies in the plants”, Andy Duff said.
Source: Nova Cana (*Translated by Ia Niani)