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While strong demand of Asia are contributing to support sugar prices, the price of recovery road can mostly thanks to an element, which is the El Niño phenomenon. This weather pattern reduced sugar cane grown in Brazil.Guarani, the company's third largest sugar producer Brazil expects the company will be 19.7 million tons of sugar cane presses in service by 2015-2016, reducing cane versus 20.2 million tons in sugar cane before. Sugar cane yields plunged mainly because of unusually heavy rains reduce sucrose content in sugarcane, causing early planting deferral of service new cane Guarani and 400,000 tons of sugar cane to wear not yet harvested.
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