date:Jan 22, 2014
arket arbitraging sugar and ethanol markets during the milling season looks unlikely to materialise. As the campaign in the central and southern region of Brazil winds down, the arbitrage opportunity effectively closesmills tend to produce more ethanol at the tail-end of the season for technical reasons, and once the season is over, there is no scope to arbitrage the two markets.
As a result, the fact that market prices for both hydrous ethanol and anhydrous ethanol currently offer better retur