Brazil: The average export price of starch rose by 17% in April

Published 2023년 5월 9일

Tridge summary

In April, Brazil saw a significant increase in the export value of cassava starch, reaching its highest level since December 2019, with a 17% rise from March and a 54.4% increase year-on-year. Despite this, the volume of starch exported fell by 61.4% compared to March and 48.4% year-on-year, marking the smallest amount exported since January 2021. Paraná was the leading exporter, contributing 43.8% of the total, followed by Mato Grosso do Sul and São Paulo. The main destinations for Brazilian starch were Bolivia, Paraguay, and the United States.

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

Original content

Increases in starch prices in the domestic market reflected in export values, which rose in April and reached the highest level since December 2019. On the other hand, the volume of the derivative exported by Brazil fell, which may be linked to the appreciation of the Real against the dollar. According to Secex data, Brazilian cassava starch was exported in April at an average value (FOB Brazilian customs) of US$ 1,221.30 per ton, up 17% compared to March and 54.4% compared to April last year. The volume exported by Brazil in the period, in turn, totaled 1,540 tons, down 61.4% in the month and 48.4% in one year. It is worth mentioning that this is the smallest amount sent abroad since January 2021. Paraná stood out as the main exporter of the derivative in April, representing 43.8% of the total, followed by Mato Grosso do Sul (27.6% of the total), São Paulo (13.8%), Santa Catarina (8. 5%) and Alagoas (5.4%). Together, other states ...

Source: Abam