Commodities 2023: Brazilian ethanol price drivers to remain volatile
January 1, 2023 Comments Off
Sugar’s strong price premium over ethanol, unknown changes in the ICMS tax rate, and volatility in the Brazilian real/US dollar exchange rate will remain key drivers for Center-South ethanol prices in 2023. Sugar premium over ethanol “Crushing during the 2023-24 crop will be primarily focused on sugar production in the first few months of the crop cycle because our forward-looking…
Commodities 2023: Brazilian ethanol price drivers to remain volatile
Sugar’s strong price premium over ethanol, unknown changes in the ICMS tax rate, and volatility in the Brazilian real/US dollar exchange rate will remain key drivers for Center-South ethanol prices in 2023. Sugar premium over ethanol “Crushing during the 2023-24 crop will be primarily focused on sugar production in the first few months of the crop cycle because our forward-looking…
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