
Historical Spot Prices
CS Brazil – Sugar* vs. Hydrous Prices

¹Sugar Prices (No.11) include Physical Differential and Pol Premium.
Esalq Weekly Hydrous Prices

Fuel Market: Gasohol and Ethanol
SP* Price Parity: Gasohol vs Hydrous Prices at the Pumps

*SP state is used as benchmark since it represents 30% of Brazil’s fuel demand (Otto Cycle) and over 50% of hydrous demand
CS Fuel Sales

Sugar & Ethanol Price Table Summary
CS Brazil – Spot Sugar and Hydrous Prices

¹Esalq Sugar Price with 7% ICMS
²Esalq Ex-mill
³Esalq Free On Truck (FOT) Paulínia, SP State