Tridge summary
Cepea's surveys have reported a decrease in cassava prices due to an oversupply and reduced demand. The decline is largely due to producers trying to sell and part of the starch industry halting crushing activities. This, coupled with bearish expectations, has led to a 2.2% drop in the nominal average forward price per ton of cassava starch in the last week. Over the past month, prices have fallen by 8.5%, but when compared to the previous year, they are 13% higher in real terms.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
Cassava prices continue to fall, as indicated by surveys by Cepea. According to the Research Center, the pressure comes from the growing supply, with producers seeking to capitalize, and from the cooled demand, since part of the starch industry has not yet fully resumed crushing activities. In addition, bearish expectations, both on the seller's and buyer's side, have also influenced sales decisions. Last week, the nominal average forward price per ton of cassava starch was R$639.65 (R$1.1124 per gram of starch), a 2.2% drop ...
Source: NoticiasAgricolas
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