BM&F Bovespa, the Brazilian securities, commodities and futures exchange, has said it will launch cash-settled hydrous ethanol futures and options on May 17. It says it hopes to reduce price risk for participants in Brazil’s ethanol market, one of Latin America’s most active sectors.
Prices will be formed using the Ethanol Hydrated Price Indicator, calculated by the Research Centre for Applied Economics (CEPEA) of the Luiz de Queiroz School of Agriculture (ESALQ)...