Brazil: Cassava supply below expected and average price continues to rise for the seventh week

While planting activities remain a priority, most producers still show little interest in selling the roots of the first cycle, which already correspond to the majority of available crops. As a result, the quantity of cassava offered continues to fall short of market expectations, especially at a time when there is a need to replenish starch stocks. In this context, the average nominal forward price for a ton of starched cassava rose for the seventh consecutive week, reaching R$485.89, which is equivalent to R$0.8450 per gram of starch. This ...