Brazil: Difficulty in transferring the industrialized cassava product makes the price reach the ceiling
Cassava Starch
Cassava
Brazil
Published Jul 30, 2022
Tridge summary
Meeting this Thursday (28), directors and associates of the Brazilian Association of Cassava Starch Producers (ABAM) said that they are not able to pass on the root price increases in industrialized products and that is why the values have reached the ceiling and there is no room for new highs. But, on the other hand, it shouldn't go down either. Industrialists reported that the 2021/2022 harvest was quite atypical.ca.
Original content
Meeting this Thursday (28), directors and associates of the Brazilian Association of Cassava Starch Producers (ABAM) said that they are not able to pass on the root price increases in industrialized products and that is why the values have reached the ceiling and there is no room for new highs. But, on the other hand, it shouldn't go down either. Industrialists reported that the 2021/2022 harvest was quite atypical. Last year, mainly, several climatic phenomena were recorded, such as frosts, droughts, hailstorms, etc., which impacted the cassava crop and reduced the starch content. “We've never had a period when income was so low,” said industrialist Roland Schurt. As the cassava producer is remunerated by the starch content, during the last 12 months there have been successive price increases, usually weekly. In 12 months, from penny to penny, the price of the root grew 89%. According to the industrialists, the current price of starch grass in Paraná (between R$ 1.62 and R$ 1.67, ...
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