Brazilian ethanol price highest in a decade: CEPEA/ESALQ

Platts
Houston (Platts)--5Jan2012/639 am EST/1139 GMT

Tight supply and strong demand have boosted the average price for ethanol in Brazil in the current 2011/2012 sugarcane harvest to its highest level in a decade, both in real terms or deflated values, research institute CEPEA/ESALQ said on its website Wednesday.

Brazil produces two types of ethanol: anhydrous and hydrous. Anhydrous ethanol is used for mandatory blending into gasoline and hydrous ethanol is used as an alternative to gasoline by drivers of flex-fuel vehicles.

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