# El Niño is already driving up ethanol prices in Brazil

> Frequent rainfall across Brazil's Center-South has delayed sugarcane crushing, pushing up hydrous ethanol prices. Between August and October, the Cepea/Esalq benchmark paid to mills in São Paulo rose about 38%, while pump prices in the state increased 8.6%. Mato Grosso prices also rose after falling sharply from April through July.

- Date: 2026-11-04 · published 2026-11-04T15:06:34.864Z
- Category: weather · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/79870-el-nino-is-already-driving-up-ethanol-prices-in-brazil
- Commodities: [DDGS](https://feedsoft.ai/c/DDGS.md)

## Why it matters

Tighter cane supply raises ethanol costs and can shift sugar-mill output toward sugar or ethanol, affecting the by-product and energy-linked markets that feed buyers watch. Higher ethanol prices can also support demand for corn-based ethanol, though the direct effect on feed ingredient prices is modest.

## Sources

- valorinternational.globo.com: https://valorinternational.globo.com/agribusiness/news/2026/11/04/el-nino-is-already-driving-up-ethanol-prices-in-brazil.ghtml

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.