The average price of cassava rises for the 8th consecutive week

Even with the recent rains, which were isolated and not very substantial, low humidity continues to predominate in most cassava-producing regions. This is what the surveys from the Center for Advanced Studies in Applied Economics (Cepea) indicate. At the same time, the interest of producers in marketing remains limited, especially in the case of newer roots, due to lower productivity and reduced starch content. Thus, in many markets, the supply remains below industrial demand, driving prices up for the eighth consecutive week, according to the research center. The average nominal price per ton of cassava delivered to the starch factory was R$ 563.83 (R$ 0.9806/gram of starch), a weekly increase of 2% and 7.5% over four weeks. In real terms, based on the IGP-DI, the average is 10.7% below that recorded in the same period of the previous year. With the supply of cassava below expectations and the lower industrial yield, ...