Low supply keeps cassava prices high

Cassava prices for the industry continued to rise in the last week of October, driven by low supply. This is shown by surveys from the Center for Advanced Studies in Applied Economics (Cepea). In addition to the rains that occurred in all regions surveyed by the institute, producers remained uninterested in marketing due to compromised profitability, especially due to the recent drops in starch content. The average nominal price per ton of cassava delivered to the starch factory was R$ 572.96 (R$ 0.9964/gram of starch), an increase of 0.5% over the previous week. In the comparison between the averages of September and October, the advance was 12%, in nominal terms. This was the second consecutive month of appreciation, according to Cepea's survey. In the derivatives market, there remains sluggishness. ...