Cassava prices in Brazil fell for the 10th consecutive week
Market & Price Trends
Published Oct 23, 2023
The demand for cassava root is low, especially from the starch industry, due to high volumes of stock. The harvest progress is also limited due to the reduced availability of area for cultivation. As a result, raw material prices for cassava have been under pressure and decreased for the 10th consecutive week.
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Demand for cassava root remains low, especially from the starch industry. Agents from these units consulted by Cepea indicate that crushing is limited due to high volumes in stocks. In the field, the harvest made little progress, even due to the reduced availability of area. As for raw material prices, they remained under pressure. In fact, the Cepea average fell for the 10th consecutive week and closed below R$575.00/t (R$1.00 per gram of starch), which had not been seen since October 2021.