What effect did COVID-19 have on the cassava industry?
Market outlook
Oct 22, 2021
Edited By
Jinwoo Cheon
Oct 22, 2021
Edited By
Jinwoo Cheon
The major effect of COVID-19 on the cassava industry is the significant reduction in the cassava consumption although cassava has always been largely consumed in countries with low incomes.
Cassava features among staple food products which are rather tolerant to crisis periods in terms of consumption. Given the fact that cassava is largely consumed in countries with low incomes as their main food and where it constitutes an affordable and important diet item, it is not expected that the COVID-19 pandemic will lead to a deep decrease in cassava consumption. It is more likely that people would cut the consumption of more expensive food items on the backdrop of lower incomes but keep the main diet element. In the medium term, therefore, population growth will continue to stimulate growth in demand for cassava.
Source:
Global Cassava Market Is Expected to Successfully Resist the COVID Pandemic
Macadamia KernelUSD 5 ~ 21 / KGFresh AppleUSD ≈ 0.60 ~ 1.73 / KGFresh Tahiti LimeUSD 1.06 ~ / KGFresh MandarinUSD 1.40 ~ / KGAlmond KernelUSD 5.25 ~ / KGFresh MangoUSD 1.25 ~ / KGFresh BananaUSD ≈ 0.52 ~ / KGFresh Dragon FruitUSD ≈ 0.85 ~ 13.44 / KGFresh PearUSD 1.23 ~ 1.69 / KGFresh WatermelonUSD ≈ 0.27 ~ ≈ 0.45 / KGFresh Table GrapeUSD 1.95 ~ / KGFresh OrangeUSD ≈ 0.54 ~ / KGWhole Common GingerUSD ≈ 0.67 ~ / KGDried DateUSD 6.99 ~ 10.60 / KGFresh MD2 PineappleUSD ≈ 0.62 ~ 62 / KGFresh LemonUSD ≈ 0.61 ~ 1.07 / KGFresh AvocadoUSD 1.13 ~ 6.93 / KGFrozen Vannamei ShrimpUSD 7.58 ~ 10.35 / KGFresh PomegranateUSD 1.30 ~ / KGWhole Green CardamomUSD 15.65 ~ 21.40 / KGMacadamia KernelUSD 5 ~ 21 / KGFresh AppleUSD ≈ 0.60 ~ 1.73 / KGFresh Tahiti LimeUSD 1.06 ~ / KGFresh MandarinUSD 1.40 ~ / KGAlmond KernelUSD 5.25 ~ / KGFresh MangoUSD 1.25 ~ / KGFresh BananaUSD ≈ 0.52 ~ / KGFresh Dragon FruitUSD ≈ 0.85 ~ 13.44 / KGFresh PearUSD 1.23 ~ 1.69 / KGFresh WatermelonUSD ≈ 0.27 ~ ≈ 0.45 / KGFresh Table GrapeUSD 1.95 ~ / KGFresh OrangeUSD ≈ 0.54 ~ / KGWhole Common GingerUSD ≈ 0.67 ~ / KGDried DateUSD 6.99 ~ 10.60 / KGFresh MD2 PineappleUSD ≈ 0.62 ~ 62 / KGFresh LemonUSD ≈ 0.61 ~ 1.07 / KGFresh AvocadoUSD 1.13 ~ 6.93 / KGFrozen Vannamei ShrimpUSD 7.58 ~ 10.35 / KGFresh PomegranateUSD 1.30 ~ / KGWhole Green CardamomUSD 15.65 ~ 21.40 / KG
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