With supply still low, cassava prices see new increases

Despite the rains in most of the cassava-producing regions, supply remained limited last week. This is what the surveys from the Center for Advanced Studies in Applied Economics (Cepea) show. Many agents who have 1st cycle roots have evaluated the raw material's profitability as quite compromised. In this scenario of lower-than-expected availability, prices continued to rise, as pointed out by the research center's survey. The nominal average price per ton of cassava starch was R$ 569.56 (R$ 0.9905/gram of starch), an increase of 1% compared to the previous week and 5% over the last four weeks. Compared to the same period last year, there is a real depreciation of 11.3% (deflation by IGP-DI). Among the derivatives, Cepea's research shows that the starch market ...