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US ethanol flows to Brazil

March 24/2011

(ICIS) -- Brazil will receive around 200m litres (53m gal) of anhydrous ethanol, mostly from the US, over the next few weeks, market sources said on Wednesday, adding that the cargoes will help the country avoid a potential supply shortage. Market sources said half of the shipments were headed to Brazils centre-south region, which accounts for around 90% of the countrys ethanol production. The other half would go the northeast region, which produces the remaining 10%.


Brazilian ethanol prices soared to record highs in March, lifted by tight supply and unexpected strong demand, particularly for hydrous ethanol. Hydrous ethanol prices were assessed on Wednesday at USD 4.45/gal, up by 35% in the last four weeks.


Brazil uses hydrous ethanol in flexible-fuel vehicles (FFVs), which can run on gasoline or stand-alone ethanol.


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