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Brazil: Raizen anticipates up to 10% loss in sugar cane crop due to dry weather

March 20, 2014 - 6:00am

Raizen Energia Participacoes S.A.'s chief financial officer Pedro Mizutani said Brazil's 2014/15 sugar cane crop will see losses on average of 5% to 10% because of the recent dry weather, Reuters reported.

Mr. Mizutani said "it is looking more and more like an El Nino year, which means a rainier dry season." He added that although rains have returned in March 2014 to center-south Brazil, the "risk is if it rains in May and June 2014, when you've got cane” you cannot harvest.

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