
Brazil's Agriculture Ministry reported that center-south ethanol inventories totaled 7.17 billion liters on October 31, down 15.4% from a year earlier. Anhydrous ethanol stocks fell 23.3% to 2.67 billion liters, while hydrated ethanol stocks dropped nearly 10% to 4.50 billion liters.
Ethanol output in the region fell 13.3% in the second half of October from the same period in 2025.
Tighter Brazilian ethanol supply supports domestic ethanol prices and can shift cane mix toward ethanol and away from sugar. Higher ethanol values also support demand for corn-based ethanol and its co-products.
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