Santos (Brazil): In the week starting May xrd, severe flooding in Rio Grande do Sul disrupted Brazil&#xx;s Ethanol market. The floods blocked crucial transportation routes, impeding the delivery of biofuels to retail hubs. In response, Brazil&#xx;s oil regulator ANP temporarily reduced the mandatory Ethanol and biodiesel blend in fuels to mitigate transportation issues caused by heavy rainfall. The anhydrous Ethanol blend in gasoline was lowered from xxx to xxx.
These regulatory adjustments aimed to address logistical challenges and ensure the continuous supply of fuel. The floods had significant human and economic impacts, prompting President Luiz Inácio Lula da Silva to sign a decree facilitating relief spending, federal funding, and tax waivers for the affected state. Amid these difficulties, the price of anhydrous Ethanol FOB Santos rose by USD xx per metric ton (x.xx), reaching USD xxx/MT.
Despite a promising start to the sugarcane harvest season, Brazil&#xx;s...
