Brazil: Industries reduced cassava processing by 41% last week
Cassava
Vegetables
Brazil
Published Apr 10, 2023
Tridge summary
The root values remain low, due to the greater offer against demand. Harvest work had a good pace last week, with favorable weather conditions and interest from producers in releasing areas. Processing industries, in turn, limited receipts and/or even opted to stop milling, which is unusual for the period. The justification is that demand remains weakened and there are stocks.
Original content
The root values continue to fall, due to the greater offer against demand. Harvest work had a good pace last week, with favorable weather conditions and interest from producers in releasing areas. Processing industries, in turn, limited receipts and/or even opted to stop milling, which is unusual for the period. The justification is that demand remains weakened and there are stocks. According to estimates by Cepea, in the week, the volume of crushing in the starch industry should total 37.2 thousand tons, a decrease of 41% compared to the previous period. As for values, between April 3rd and 6th, the nominal average forward price of a ton of cassava starch was R$914.52 (R$1.5905 per gram of starch), down 5.4%. The accumulated drop in four weeks is 14.3%. Many producers who have already completed ...
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