Brazil North-Northeast anhydrous ethanol follows price collapse in Center-South

Prices in Brazil’s North-Northeast anhydrous ethanol spot market plunged Real 450/cu m, 11.55%, in the week ended May 19, with Platts assessing anhydrous DAP Suape for 1-15 days forward at Real 3,445/cu m. “North-Northeast ethanol prices collapsed on the week ended May 19 due to a significant ethanol price decrease in the Center-South triggered by a Petrobras gasoline price decrease,”…