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US ethanol cheap enough to import into Brazil
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JonSCKs
Posted 3/6/2024 07:33 (#10653659)
Subject: US ethanol cheap enough to import into Brazil


This is an important point since ESG wants to say Brazilian ethanol has a lower Carbon Score.. somehow.

meanwhile economics say.. “not so fast.”

https://grains.org/ethanol_report/ethanol-market-and-pricing-data-february-28-2024/

You can source US ethanol out of the gulf right now for $518.03 and ship it to Santos Brazil net $565.02 ish. Whereas Santos FOB values are.. currently $87/ton higher around $647 ish.

Granted the Safrina crop post harvest may shrink that gap a little.. but.. it’s pretty big and the US has enough corn in hand to compete.

 



Edited by JonSCKs 3/6/2024 07:34




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