Brazil wholesale ethanol rises for seventh straight week: research institute

Platts
London (Platts)--27Mar2012/1120 am EDT/1520 GMT

Wholesale ethanol prices in Sao Paulo state, Brazil's largest fuel market, rose for the seventh consecutive time to Reais 1.2099/liter ($2.51/gal) on the week ended March 23, research institute CEPEA/ESALQ said Tuesday.

Prices rose over 12% since the week ended February 3, figures from the Piracicaba-based research group show.

Ethanol prices in Sao Paulo typically jump in the period from December through April, when production mills shut down completely for the sugarcane interharvest period.

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