Heavy April rains saw a disrupted start to the Brazilian season and this in turn limited supply, thus providing support to prices. However as the crushing season gets fully underway prices will customarily fall as new supplies enter the market.
In the EU market, ethanol prices in Rotterdam were flat but remain elevated despite the restart of the Ensus plant in March.
In the EU, cane and beet molasses prices converged in March and they remain closely aligned. Molasses imports have increased in the context of the drought affected 2018 beet crop, with India and Pakistan being recent large origins.