Brazil: Experts point out that the price of cassava has soared due to a lack of planting

Published 2022년 10월 26일

Tridge summary

The article highlights a significant increase in the price of cassava in Brazil, with a 74% rise over the past year, leading to concerns about the impact on consumers and the broader agricultural market. The surge in cassava prices is attributed to a reduction in planted area and competition from crops with higher external demand and profitability. The article also points out the cyclical nature of these price fluctuations, which are exacerbated by factors such as attractive grain prices, adverse climatic conditions, and the exit of opportunistic producers. The situation is further complicated by a lack of governance and the need for improved market information. The price instability not only burdens consumers but also challenges the competitiveness of cassava in various industries, leading to significant downtime in related industries and highlighting the need for sustainable solutions to stabilize cassava prices.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The Vaivém das Commodities column, written by journalist Mauro Zafalon, published in the press edition of the Folha de São Paulo newspaper and on the UOL portal this Monday (24) that the price of cassava soared due to the reduction in the planted area. According to the columnist, the “real increase is 74% in one year” and points out that cassava “has lost ground to crops with better external demand and profitability”. Entitled “Cassava Price Rises with Reduction in Planted Area”, the article brings testimony from two experts: Fábio Isaías Felipe, from Cepea, and Carlos Estevão Leite Cardoso, from Embrapa Cassava and Fruticultura. Estevão points out that this soaring price is cyclical and is due to the ease of entry and exit of producers in this sector. Many take advantage of high prices to make money. When supply increases, and prices fall, they leave, he explains. Read the entire column below. One more product enters the list of staple foods that have sharply increased prices ...

Source: Abam