With an early closure of the 2018/19 crop in many units in Brazil, along with sugarcane crushing quite at the end of December the official start of the off-season has begun, the level of ethanol stocks have also been monitored more closely since biofuel production at this time is practically at nil.
According to data released on December 16 by the Ministry of Agriculture, Livestock and Supply (Map), the total volume of ethanol stored at the end of 2018 is 18.45% greater than that of the same period of previous harvests, which may indicate an unconcern able off-season from the point of view of supply however with falling gas prices, whoever left to sell in the offseason may end up making a deal less appealing.
The stock of ethanol on the date of disclosure by the Map was 9.3 billion liters, against 7.9 billion liters at the same time in 2017. Most of this volume refers to hydrated, corresponding to 5.9 billion liters, 55.09% more than in the same period in 2017. Of the total, 3.28 billion liters are in São Paulo – 60.69% more than in the previous year. On the other hand, the anhydrous was with 3.4 billion liters stocked on the date of disclosure of the data, 16.46% less than the 4 billion liters of 2017. In Sao Paulo, its stored volume is 2.24 billion, 11.13% less than the previous year.
Source: Sugaronline.com
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