Cassava Flour Wholesale Price Declined by 64.31% YoY in Brazil

Brazil witnessed a sharp decline of 64.31% YoY in cassava flour wholesale prices, attributed to significant progress in cassava harvesting, resulting in a surplus and subsequent price reduction. The average price of starched cassava, a crucial input for flour production, also dropped by 6.8% WoW and 58.5% YoY. Conversely, Vietnam experienced a surge in cassava exports in Jan-24, reaching a record 76 thousand mt, up by 30.9% YoY, potentially affecting Brazil's export competitiveness due to the decline in global cassava prices.