In Brazil, nine vessels were waiting to load ethanol from the Port of Santos last Thursday, five more than were waiting the week prior. A total of 128 million liters of ethanol for both fuel and industrial uses were waiting to load, a sharp increase from the previous week’s 48 million liters. In addition, about 100,000 cubic meters of ethanol are currently under negotiation for export to Florida and Hawaii to take advantage of the arbitrage window that opened up in mid-June.
