Unfavorable weather affects cassava sales in Brazil
Sustainability & Environmental Impact
Market & Price Trends
Published Nov 28, 2023
The cassava industry is facing challenges such as reduced availability of crops, unfavorable weather conditions, and the retraction of some producers, resulting in lower sales volume. Despite this, the lower supply has paradoxically supported root prices. The retraction of producers and adverse weather conditions are leading to delayed deliveries, with most farmers planning to resume activities in mid-January 2024. However, demand is also facing challenges as starch factories are expected to gradually reduce production, impacting overall demand.
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The cassava industry faces significant challenges due to the reduced availability of crops, unfavorable weather conditions in some areas and the retraction of some producers, resulting in a sales volume below expectations. Surveys by the Center for Advanced Studies in Applied Economics (Cepea) highlight that this scenario, paradoxically, has supported root prices. The lower supply of cassava on the market is a crucial factor that influences price dynamics, as pointed out by Cepea experts. The retraction of some producers, combined with adverse weather conditions in certain regions, contributes to the postponement of deliveries, with the majority of cassava farmers planning to resume activities only in mid-January 2024. ...