Heated foreign demand and rising dollar boost starch exports of Brazil
Cassava Starch
Brazil
Published Nov 12, 2021
Tridge summary
While internal negotiations involving cassava derivatives (flour, starch and modified starches) are slow, exports of some of these products have been showing excellent performance this year. In the Brazilian market, low liquidity may be linked to declines in retail sales and industrial production.
Original content
According to calculations by CEPEA (Center for Advanced Studies in Applied Economics), Esalq/USP, in October, the apparent consumption of cassava starch fell 57% compared to the previous month, and in the accumulated result for the year, 2.2%. On the external front, shipments of cassava starch and starches have been driven by strong external demand and the high dollar. Furthermore, Brazil has been one of the few countries with a surplus for exports. Data released by the Secretariat of Foreign Trade (Secex) and compiled by CEPEA show that, in October, Brazil exported 4.3 thousand tons of starch, a record, considering the historical series of Secex (started in 1989), being expressive 72.3% above the quantity sold in September/21 and almost three times more than sales in October/20. In the 2021 part (until October), shipments of this derivative totaled 28,500 tonnes, 107% above the volume of the same period last year and a record. As for the average export price, it fell this year, ...
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