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What is the current market trend of cassava?

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Others
Sep 14, 2021
Edited By
Jinwoo Cheon
Sep 14, 2021
Edited By
Jinwoo Cheon
The current market trend of cassava is that the price of cassava has declined by 7.4% in Brazil, while cassava output in Indonesia is expanding to combat food scarcity and Ugandan cassava farmers are recording losses due to a strange disease in cassava plantations.
There are some notable trends in the cassava market currently:
  • Brazil

Four consecutive monthly rises were not enough to keep the cassava price uptrend. In November 2019, cassava price was down 7.4% in Brazil. On YTD it rose only by 33.3%, very close to the 32.6% devaluation level of the Brazilian currency 'Real'. However, after the reopening of the processing industry, many farmers started harvesting their crops again and loaded the market with offers. Producers of cassava intensified their harvest in the Brazilian state of Parana, which accounts for 60% of national production. From March 2020 to August 2020 many industries that use cassava starch and flour were closed, with a detrimental effect on the commercialization of the root when prices dropped significantly.

  • Indonesia

The Ministry of Agriculture is increasing cassava production through several ways to anticipate the scarcity of other food during the COVID-19 pandemic. The plan is to make cassava an alternative local food during the COVID-19 pandemic. The project which started in June 2020 will accommodate the demand for cassava that is expected to be increasing as many people might switch to cassava as their main food source because of its lower price.

  • Uganda

More than 600 cassava farmers in Nebbi District, Uganda, are counting losses after a strange disease destroyed their plantations. This strange disease will affect the balance of supply and demand of cassava in Uganda starting from December 2020 as the yield will not fulfill the current demand in the market. The situation will mostly affect the supply of cassava products to the mini-factories and hence losses to both farmers and government and will continue to do so until the next cassava harvest.


Source:

Uganda: Strange Disease Attacks Cassava Gardens in Nebbi

Ministry of Agriculture Increases Cassava Production as Alternative Local Food During the Covid-19 Pandemic

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