Ethanol Prices in Brazil Jump over 18 Percent

Increased rainfall likely will continue to disrupt the start of harvesting and further dilute sucrose levels.

By Phillip Herring, S&P Global

RIO DE JANEIRO, BRAZIL - Hydrous ethanol prices in Brazil's key Center-South region jumped just over 18 percent over the first 11 days of April to a record high of R$ 2,350/cu m (US$ 604) because of heavy rains in the region.

During the same period, anhydrous ethanol prices have risen 23,5 percent to a record R$ 2,285/cu m during the same period.

"Today I could not get offers for hydrous or anhydrous ethanol in the São Paulo area for immediate withdrawal," one trader stated.

Heavy . . .

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