In August, hydrous ethanol prices remained stable in Sao Paulo, despite the sugarcane harvest peak time in Brazil’s Center-South area. During the month’s busiest weeks, the CEPEA/ESALQ Indicator for this biofuel averaged BRL 2.1524 per liter, a slight 0.26% decrease over July. The more effective participation of distributors in the spot market with the purchase of fresh volumes was a factor that led to price stability. The volume of hydrous ethanol increased by 4.4% from July to August. Furthermore, the announcement of the gasoline price increase on August 16th encouraged hydrous output.
Source: Jornal Cana (*Translated by Ia Niani)