Brazil: Cassava supply grows below expectations, and demand heats up; the price goes up
Market & Price Trends
Published Nov 13, 2023
Despite favorable weather conditions for cassava root harvest, the supply of raw materials remains low due to low availability and producers prioritizing cultural treatments. However, there has been an increase in demand for raw materials, particularly from farinheiras, leading to an increase in cassava root prices. The field estimates suggest that cassava cultivation in Brazil is projected to increase by 1.4% in area and 2.8% in productivity, resulting in a 4.2% increase in production by 2023.
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.
The weather favored the cassava root harvest last week in most regions monitored by Cepea. Despite this, as the availability of crops was still low and many producers prioritize cultural treatments and/or postpone commercialization, the supply of raw materials grew below expectations. On the demand side, Cepea researchers indicate that there has been an increase in demand for the raw material, especially from farinheiras. This scenario resulted in an increase in cassava root prices during the week. In the field, IBGE estimates indicate that the area to be harvested with cassava in ...