Ethanol prices continue upward trend in November.

Maintaining the trend observed since the end of October, following the last adjustment of gasoline prices at Petrobras refineries, the ethanol market for producers remained firm in the last week of November, according to the new data. VIP Report from the DATAGRO A&EThe mills in the Center-South region continue to anticipate the end of the sugarcane harvest compared to the previous crop. Furthermore, low ethanol stock levels at the plants and the consistent pace of consumption at the pump continue to support price increases. Last Friday (28), the price of hydrated ethanol to the producer in São Paulo reached R$ 2.8595/liter, practically stable for the week (-0.1%), but accumulating a 2.9% increase in the month and 8.8% in the annual comparison. The price of anhydrous ethanol rose 1.5% in the week, reaching R$ 3.2863/liter, accumulating a 3.5% increase in the month and 10.9% in the annual comparison (both PVU/PVD and without taxes). To read the… Full VIP reportaccess the analysis section of DATAGRO Portal.

This text was translated by machine from Brazilian Portuguese.