Brazilian ethanol prices recover in May following gasoline price rise

Santos — Hydrous ethanol price in Center-South Brazil started an upward price trend on May 13, mostly supported by the increases in the gasoline price ex-refinery and since then is moving up on a daily bases.

The Brazilian ethanol market was hit by the so-called perfect market turmoil, of consumption crises triggered by the coronavirus pandemic and the collapse in the international oil prices started on March 8. Both combined facts capped the ethanol price in the weeks prior to the beginning of the new Center-South crop 2020-21, adding a further negative tone for the pricing environment.
By Nicolle Monteiro de Castro via S&P Global Platts

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