Cassava/Cepea: Prices fall for the 3rd week in a row in Brazil

Published 2024년 3월 18일

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 Tridge's proprietary AI model for informational purposes.

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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