Brazil: Cassava prices rise for the 24th consecutive week

Published 2024년 11월 18일

Tridge summary

Cassava prices have been on a consistent rise for the past 24 weeks, as reported by Cepea, with the nominal average forward price increasing by 2.1% to R$687.95/ton (R$1.1964 per gram of starch) between November 11 and 15. Over the course of 12 months, the real appreciation of the price has been 10.7%. This price hike is primarily due to a low supply, exacerbated by producers delaying deliveries due to profitable conditions and optimistic expectations. Despite the rising prices, industrial demand for cassava remains robust, fueled by increased sales at the wholesale and retail levels.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Cassava prices continue to rise in all regions monitored by Cepea, rising for the 24th consecutive week. Between November 11 and 15, the nominal average forward price for the starchy root was R$687.95/ton (R$1.1964 per gram of starch), an increase of 2.1% compared to the previous period; in 12 months, the real appreciation (using the IGP-DI as a deflator) is 10.7%. According to Cepea researchers, the upward movement in prices continues to be linked mainly to low supply. In addition to the lower availability of crops in some areas, producers continue to postpone deliveries, also due ...

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