Brazil: Cassava drop in prices for the third consecutive period
Cassava
Vegetables
Brazil
Sustainability & Environmental Impact
Market & Price Trends
Published Mar 20, 2024
Tridge summary
Despite challenging weather conditions, cassava harvests have seen an increase due to the ample availability of harvesting areas and producers' pessimistic expectations. This surge in production has resulted in a decrease in average root prices for the third consecutive period. From March 11 to 15, the average price per ton of cassava for starch production was R$446.32, marking a 1.4% drop from the previous week and a significant 56.4% reduction from the same period last year. The increasing supply of cassava is exerting downward pressure on prices.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.
Original content
Despite hot and dry weather conditions, the cassava harvest continued to advance last week in most regions, as indicated by research carried out by Cepea. The abundant availability of areas for harvesting, combined with the pessimistic expectations of most producers, has resulted in an increase in harvesting activities. This intensification in production led to a drop in average root prices for the third consecutive period. Between March 11 and 15, the average nominal forward price of a ton of cassava put into starch was R$446.32. This represents a drop of 1.4% compared to the previous week and a reduction ...
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