Cassava: Starch production in Brazil grows by almost 30% in 2023 and reaches the highest volume in eight years

Published 2024년 4월 18일

Tridge summary

In 2023, Brazil experienced a remarkable resurgence in cassava starch production, achieving a record high in eight years with a production volume of 676.7 thousand tons, a 29% increase from the previous year. This growth, highlighted in the Cepea/Abam survey, was driven by enhanced cassava crushing activities and a higher average starch content, which together boosted industrial yield. Despite this surge in production exerting downward pressure on prices, leading to a nominal price drop of 11.6%, the industry's Gross Production Value (VBP) rose by 13.8% to R$2.83 billion. The bulk of this production was aimed at food consumption markets, though there was an increase in carryover stocks due to reduced demand. Looking ahead to 2024, the industry is optimistic, expecting a 17.5% increase in starch production.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

After declining in 2022, cassava starch production grew with some strength in 2023, reaching the highest volume in eight years. These data are the results of an annual survey carried out by Cepea (Center for Advanced Studies in Applied Economics), from Esalq/USP, in partnership with Abam (Brazilian Association of Cassava Starch Producers), which maps and characterizes the industry and measures the production of starch and substitutes in Brazil. The Cepea/Abam survey shows that 676.7 thousand tons of cassava starch were produced in Brazil in 2023, an increase of 29% compared to the previous year. This is the highest volume since 2015. According to researchers from Cepea/Abam, this recovery in the amount of starch is due to the greater volume of crushing and, above all, the increase in the average starch content, which influenced the increase in industrial yield. To achieve this production, 2.63 million tons of cassava were processed in 2023, an increase of 2.9% compared to the ...

Source: SNA