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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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Serasa reports a record 82.8 million defaulters in Brazil, reveals R$ 557 billion in accumulated debts, and exposes the size of the crisis that already affects more than half of the population.
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Mato Grosso do Sul’s pork exports skyrocket, growing 125% in a few years, and now the state is banking on the Bioceanic Route to shorten the path to Asia.
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US doesn’t want Brazilian beef: Trump administration opens investigation against JBS, Tyson, Cargill and National Beef after beef prices soared and companies came to control 85% of bovine processing in the United States
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The Batista brothers, who built the largest meatpacker on the planet with JBS, also command a little-known branch on the coast of Santa Catarina. Wesley and Joesley operate the activities of the Itajaí port complex through a company that moves millions of tons and almost no one associates with their surname.
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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