Tridge summary
A prolonged drought has significantly impacted cassava fieldwork in regions monitored by Cepea, resulting in a low supply due to limited profitability and expectations of price increases. Despite strong demand, cassava prices have surged, exceeding R$1.00 per gram of starch, the highest since January. From September 2 to 6, the average nominal forward price per ton of cassava starch was R$557.70, marking a 3.9% rise from the previous week. Since May 10, cassava prices have climbed by 37.3%, although they are still 10.4% lower than the same period last year in nominal terms.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
The prolonged drought has significantly impacted fieldwork in the cassava-producing regions monitored by Cepea. This scenario is aggravated by the low supply of the product, a result of limited profitability and expectations of appreciation of the root. With demand remaining strong, cassava prices continued to rise last week, reaching values above R$1.00 per gram of starch in several transactions — the highest level since January of this year, according to Cepea data. Between September 2 and 6, the average nominal forward price per ton of cassava starch was R$557.70 (equivalent to R$0.9699 per gram of starch), marking an increase of 3.9% compared to the previous ...
Source: Portal Do Agronegocio
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