Stratos Renewables Corp. (SRNW.OB) – Problems in India may Drive Cane Prices Higher
Demand for Ethanol continues to increase every year and many cane producers are having trouble keeping up, fueling a deficit. Morgan Stanley expects cane prices to rise as much as 15% over the next few years. This being due to higher demand for flex fuel vehicles, higher oil prices and a lower than expected crop yield in India. Stratos Renewables Corp. is moving towards filling this demand with its fields and mills in Northwest Peru. According to CEO Tony Salas, Peru is one of the best places in the world to grow sugarcane. Many expected India to be able to…