Average Ethanol Prices in Brazil Fall 13% During 2020/21 Harvest Season

CORDOBA, ARGENTINA-April 12, 2021--Researched by Industrial Info Resources (Sugar Land, Texas)--Ethanol prices in Brazil fell substantially during the first two months of last year's harvest period, according to jornalcana.com.br. As a result of the COVID-19 pandemic and travel restrictions, many plants had to sell their biofuel stock, but came up against a drop in demand due to the global economic downturn. Subsequently, the entire harvest season saw a drop in average ethanol prices despite gradual increases throughout the year.