In Brazil, the ANP reported demand for hydrous ethanol remains strong besides its parity against gasoline reaching 75.6% in Sao Paolo state last week, up from 75.1% in January and far above the typical 70% threshold where drivers switch to gasoline, marking the highest parity level since April 2011 and far above the 66.7% seen in February 2015. Goias state had parity levels at 74.6% last week while Mato Grosso state’s was far lower at 71.9%.In Brazil, the ANP reported demand for hydrous ethanol remains strong besides its parity against gasoline reaching 75.6% in Sao Paolo state last week, up from 75.1% in January and far above the typical 70% threshold where drivers switch to gasoline, marking the highest parity level since April 2011 and far above the 66.7% seen in February 2015. Goias state had parity levels at 74.6% last week while Mato Grosso state’s was far lower at 71.9%.
