![](http://investorshub.advfn.com/images/default_ih_profile2_4848.jpg?cb=0)
Thursday, May 08, 2014 11:12:39 PM
London (Platts)--8May2014/533 pm EDT/2133 GMT
A leading Brazilian ethanol trader is forecasting an 8% rise in the average domestic price of the biofuel during the 2014-15 marketing year (April-March) as burgeoning domestic consumption is likely to more than offset tumbling export demand, newspaper Valor reported Thursday.
SCA Trading, a Sao Paulo-based company representing over 60 ethanol millers, predicts the average hydrous ethanol price in Brazil's center-south region will reach Reais 1.31/liter (59 cents/liter) in the current season, up from an average of Reais 1.21/liter in the previous one, Valor said.
While industry group Unica predicts a timid 1.2% year-on-year rise in Brazil's 2014-15 center-south ethanol production, domestic fuel consumption continues to grow at a fast pace. Hydrous ethanol sales in first-quarter 2014 jumped 18.9% to 2.9 billion liters, according to figures from regulator ANP, that Valor cited. This follows a 9.8% year-on-year increase in 2013 sales.
Hydrous ethanol is a stand-alone biofuel suitable for over half of Brazil's light vehicle fleet.
Meanwhile, the trading company anticipates a 34% contraction in 2014-15 exports compared with the previous marketing year to 1.7 billion liters.
It attributed the lower overseas sales forecast to weaker demand from buyers in the US, where weaker domestic prices and a possible downward revision to 2014 biofuel blending targets could weigh on demand.
The US government is likely to finalize 2014 biofuels targets by June.
A SCA Trading executive that Valor quoted said current domestic prices mean higher remuneration for millers against export deals, making overseas business unattractive.
In Q1, Brazil exported 336 million liters of ethanol, down 47% from the same period of 2013, Valor said. It also saw a 48.5% year-on-year plunge in revenues from these sales to $215 million, Valor said.
But export volume in April soared 34.3% to 137.4 million liters from a temporary spike in US prices, pushing remuneration up 33.5% from the previous year to $96 million, according to Valor.
Recent ALTO News
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/08/2024 08:15:43 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/06/2024 08:13:30 PM
- Alto Ingredients, Inc. Reports First Quarter 2024 Results • GlobeNewswire Inc. • 05/06/2024 08:05:21 PM
- Alto Ingredients, Inc. to Release First Quarter 2024 Financial Results on May 6, 2024 • GlobeNewswire Inc. • 04/29/2024 12:30:15 PM
- Alto Ingredients, Inc. Appoints Todd E. Benton as Chief Operating Officer; Michael D. Kandris to Continue to Serve as Director • GlobeNewswire Inc. • 03/21/2024 12:30:49 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 03/11/2024 08:18:04 PM
- Alto Ingredients, Inc. Reports Fourth Quarter and Year-end 2023 Results • GlobeNewswire Inc. • 03/11/2024 08:05:08 PM
- Alto Ingredients, Inc. Enters Letter of Intent with Vault to Advance Carbon Capture and Storage Initiative • GlobeNewswire Inc. • 03/11/2024 08:02:21 PM
- Alto Ingredients, Inc. to Participate in the 36th Annual Roth Conference • GlobeNewswire Inc. • 03/05/2024 01:30:06 PM
- Alto Ingredients, Inc. to Release Fourth Quarter 2023 Financial Results • GlobeNewswire Inc. • 03/04/2024 01:30:24 PM
- Alto Ingredients, Inc. Publishes Sustainability Summary • GlobeNewswire Inc. • 12/11/2023 01:30:04 PM
- Alto Ingredients, Inc. Extends Term Loan Commitment Period • GlobeNewswire Inc. • 12/06/2023 01:30:00 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/08/2023 09:32:32 PM
- Alto Ingredients, Inc. to Participate in Upcoming Conferences • GlobeNewswire Inc. • 11/08/2023 01:30:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 11/06/2023 09:19:10 PM
- Alto Ingredients, Inc. Reports Third Quarter 2023 Results • GlobeNewswire Inc. • 11/06/2023 09:05:29 PM
- Alto Ingredients, Inc. to Release Third Quarter 2023 Financial Results • GlobeNewswire Inc. • 10/30/2023 12:30:00 PM
- Alto Ingredients, Inc. to Present at the LD Micro Main Event XVI • GlobeNewswire Inc. • 09/27/2023 12:30:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/20/2023 09:20:11 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/19/2023 08:05:34 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/19/2023 08:05:28 PM
- Alto Ingredients, Inc. to Present at the H.C. Wainwright & Co. 25th Annual Global Investment Conference • GlobeNewswire Inc. • 09/05/2023 12:30:03 PM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 08/09/2023 08:10:48 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/08/2023 08:16:45 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/07/2023 08:15:54 PM
Glidelogic Corp. Becomes TikTok Shop Partner, Opening a New Chapter in E-commerce Services • GDLG • Jul 5, 2024 7:09 AM
Freedom Holdings Corporate Update; Announces Management Has Signed Letter of Intent • FHLD • Jul 3, 2024 9:00 AM
EWRC's 21 Moves Gaming Studios Moves to SONY Pictures Studios and Green Lights Development of a Third Upcoming Game • EWRC • Jul 2, 2024 8:00 AM
BNCM and DELEX Healthcare Group Announce Strategic Merger to Drive Expansion and Growth • BNCM • Jul 2, 2024 7:19 AM
NUBURU Announces Upcoming TV Interview Featuring CEO Brian Knaley on Fox Business, Bloomberg TV, and Newsmax TV as Sponsored Programming • BURU • Jul 1, 2024 1:57 PM
Mass Megawatts Announces $220,500 Debt Cancellation Agreement to Improve Financing and Sales of a New Product to be Announced on July 11 • MMMW • Jun 28, 2024 7:30 AM