In Brazil, Reuters reports that harsh frosts over the weekend have hit sugarcane growing areas across the country, with Sao Martinho reporting as much as 12,000 hectares of its cane plantations have been impacted. The company said it expects impacts to be minor, however it is still evaluating. Mills across the country are surveying impacted areas which could take as long as 10 days to accumulate and analyze the final results. The country has been pushing for more ethanol production as its consumption increases in the wake of higher fossil fuel prices and policy drivers such as RenovaBio.
Category: Producer News