Tridge summary
Soybean planting has concluded in certain regions, leading to a surge in cassava farmers' interest in trading last week, as reported by Cepea. However, the majority of farmers who experienced lower than expected productivity levels continued to withhold from negotiations. As a result, supply remained low, leading to a six-consecutive-week increase in cassava prices. The nominal average price for a ton of cassava starch rose by 0.8% from the previous period and 11.2% year-on-year to R$697.39.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
After finishing soybean planting in some regions, or aiming to capitalize, some cassava farmers showed greater interest in trading last week, according to Cepea surveys. Most producers, however, dissatisfied with productivity levels below expectations, continued to stay away from negotiations. Thus, supply remained below industrial demand, driving up prices for the root for the sixth consecutive week, according to Cepea surveys. Between November 25 and 28, the nominal average for a ton of cassava starch was R$697.39 (R$1.2128 per gram of starch), an increase of 0.8% compared to ...
Source: NoticiasAgricolas
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