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With the Entire Week of Hydrated Ethanol in Free Fall at Distribution Bases, the Biofuel Closed with Negative Price at Plants
The daily price of ethanol at distributors has melted all week, accumulating 7.87% (R$ 2,657) in the negative table for the month, according to data from Cepea, and the biofuel closed with a negative price in the final balance of 15 to 19 at the plants. Keep an eye out, Ambev will open 300 job vacancies at its new logistics center being built in Osasco – SP.
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Ethanol consumption is facing consequences from stricter pandemic restrictions. In addition, the harvest in the Central-South officially begins on April 1st, which limits business as distributors are in a wait-and-see mode for greater supply of the biofuel.
Distributors have been burning through their stocks in recent days. According to the Daily Ethanol Indicator from Cepea, companies in Paulínia (SP) reduced the price by 2.39% to R$ 2,733 on Thursday, continuing declines since the 12th. Two of these were also significant.
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While Russia dominates the global wheat market, Brazil emerges as an unexpected competitor in the Cerrado, offering grain available in July and August when stocks in the Northern Hemisphere are at their lowest point of the year.
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China returned almost 20 Brazilian ships with soybeans, but now everything could change: the country that buys 80% of the grain is considering relaxing regulations after impurities held up shipments of thousands of tons and caused million-dollar losses.
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Chinese giant worth nearly R$ 4 billion that manufactures cables for electric cars, solar energy, and robotics wants to open a factory in SC.
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Many employers do not know, but the law guarantees domestic workers a 25% increase in salary during trips, 50% for overtime, 20% for night shifts, and 17 additional benefits that can lead to labor lawsuits if not paid.
The industry’s hope now is for good news from abroad, as domestic lockdowns or semi-lockdowns will coincide with greater supply arriving from the Central-South harvest. Even though the brakes are on for ethanol and the peak of production begins in May onwards, the available volume still softens prices.
Meanwhile, oil also showed consecutive declines, easing the risks of gasoline price increases. It lost support of nearly US$ 70 after the free fall, when it evaporated more than 7% in London, due to fears of the slow European exit from the health crisis and American stocks.
Raízen of the Shell Group Wants to Build Three Ethanol Production Plants Made from Bagasse and Sugarcane Straw
Raízen, the global giant in ethanol production in partnership with Shell, plans to construct three more cellulosic ethanol plants — or second-generation. The good news was announced by businessman Rubens Ometto of Cosan last Monday (03/15)
The technology for producing cellulosic ethanol emerged from a partnership between Shell and the Canadian company Logen, which specializes in biotechnology. In the previous harvest (2019/20), the Piracicaba unit produced 226 liters of ethanol for each ton of dry biomass.
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