Brazil: Cassava milling registers a drop for the second consecutive week

Cassava crushing at starch plants fell for the second consecutive week, reflecting the combination of heavy rainfall in the regions monitored by Cepea and the decline in producers, who have already finished their deliveries for the year. The restricted supply led many units to bring forward the end-of-year recess, also resulting in a reduction in demand. According to Cepea estimates, between December 9 and 13, 42.8 thousand tons of cassava were processed by starch plants, which represents a drop of 20.6% compared to the previous week. The average idle capacity of the plants reached 61% of the installed capacity. With the weakened demand, cassava prices showed a slight increase in most regions. The nominal average forward price for ...