In Brazil, Platts reports that hydrous ethanol prices surged to $562.7/cu m during the first half of February, an increase of more than 10% from the second half of January and the highest seen since November 1 due to retailers failing to pass on lower gasoline prices to consumers. As a result, drivers chose to fill up with more hydrous ethanol than gasoline. During the week ending February 17, the ethanol parity was 63.26%. Typically, a parity of below 70% will see drivers choose ethanol over gas.
Category: Producer News