Cassava/Cepea: Prices fall for the 3rd week in a row in Brazil
Cassava
Vegetables
Brazil
Market & Price Trends
Published Mar 18, 2024
Tridge summary
Despite challenging weather conditions, cassava harvests are progressing in most regions due to the high availability of areas to be harvested and low producer expectations, according to research by Cepea. However, the increased supply has resulted in a drop in average root prices for the third consecutive week. From March 11 to 15, the average price of a ton of starched cassava fell by 1.4% compared to the previous week and 56.4% in real terms compared to the same period last year.
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 the hot and dry weather, the cassava harvest continued to advance in most regions last week, according to Cepea research. In addition to the high availability of areas to be harvested, the low expectations of most producers reinforced the intensification of activities. As a result of increasing supply, average root prices fell for the third week in a row. Between March 11 and 15, the average nominal term value of a ton of starched cassava ...
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