Sugarcane processors in Brazil, the world's largest producer of sugar and second largest of ethanol, will pay more attention to the weather than to market prices to decide how much sugar or fuel to make from now to the end of the harvest in December.
Wetter-than-normal weather in center-south Brazil, a characteristic of strong El Ninos, will likely prevent mills from boosting sugar production as some market players expected after raw sugar prices gained more than 21% last month.