Sugarcane Problems and Higher Demand for Bio-Fuels in China, Russia, Brazil, US and the European Union are Putting the Burden on the Americas to Meet Global Demand
Many countries are seeing problems for sugarcane production, putting it on South American sugarcane producers to meet the Global demand. With Oil at $100 a barrel, many of these countries are converting to Bio-Fuels. The combination of increasing demand and supply side issues are leading experts to forecast Sugarcane shortages in the coming years. The price of Sugarcane is expected to increase 15% a year and a number of issues in countries that grow Sugarcane are contributing to this. In China, its main growing region is seeing a drought causing acre production rates to fall dramatically. They are also seeing…