Cassava Price Trend Analysis 2026: Historical Prices, Latest News, Market Insights, Supply Demand Analysis & Price Drivers

Asia

In Asia, cassava prices showed mixed movements during Q3’25. In Indonesia, particularly in Lampung, farmers continued to suffer from very low farmgate prices. Despite the government tightening cassava and tapioca import rules, prices remained depressed due to oversupply and factory closures.

Farmers often sold below cost, driven by limited factory demand and high deductions. Meanwhile, in Thailand, cassava export volumes increased, but global price drops kept export values lower. Although tariffs from the US didn’t impact shipments yet, competition from Vietnam remained a concern. Disease outbreaks and falling global starch prices also kept pressure on fresh cassava rates in the region.

Africa

In Africa, especially in West African countries like Nigeria, cassava farmers faced significant losses due to a major price drop. After a period of high prices in 2024, oversupply and reduced demand caused by cheaper substitutes like corn starch led to a glut.

Many processors halted production or slowed down, and cassava was left unsold in farms. Market prices fell drastically, especially during the rainy season, further straining farmers' ability to break even. The situation discouraged many from planting again, while strategic farmers saw an opportunity to grow at low cost.

Asia

In the first half of 2025, cassava prices in Asia showed a mixed trend. In Vietnam, prices of both fresh and dried cassava dropped sharply, reaching the lowest levels seen in a decade. The main reason was a steep fall in demand from China, Vietnam’s largest export market, which cut down on cassava slice imports due to cheaper alternatives like corn for feed.

As China shifted its industrial processing inputs, Vietnamese exporters faced lower volumes and prices, resulting in financial strain for farmers and traders. Processing factories in Tay Ninh also relied heavily on imports from Cambodia due to limited domestic supply, but this did little to improve overall market sentiment.

In Thailand, although cassava production declined due to adverse weather and disease outbreaks, prices remained firm. The supply shortage supported farmer income, and growing demand from ethanol and food sectors helped keep the market stable. However, disease pressure and rising input costs remained key concerns for Thai growers.

Africa

In Nigeria, the cassava sector struggled during H1’25. Prices fell drastically as local processors halted purchases due to a surge in cheap starch imports—mostly corn-based—brought in under zero-duty policies. This undercut local cassava starch producers who were forced to reduce operations or shut down.

Farmers, who had planted cassava expecting steady industrial demand, were left with limited options, relying mainly on low-paying traditional processors. The situation triggered panic among both processors and growers, many of whom had invested heavily in the crop expecting continued industrial demand.

Asia

In 2024, the cassava market in Asia exhibited varied trends across different countries. Thailand took proactive steps to stabilize prices through government subsidies and enhanced storage systems, ensuring consistent price levels. Meanwhile, Cambodia saw an increase in cassava exports, but the higher supply led to downward pressure on local prices.

Despite this, strong processing activity in Thailand and Vietnam helped to maintain stability in the market, supporting prices amid the abundant supply.

Africa

In Africa, particularly in Uganda and its neighboring countries, market conditions were more difficult. Oversupply in local markets, coupled with reduced demand from key export destinations, led to a decline in prices. Many farmers faced significant drops in prices compared to the previous year, which led some to consider switching to alternative crops. Limited infrastructure and challenges in local processing capacity further exacerbated the situation, making it a difficult year for many producers.

South America

In South America, Brazil experienced a surge in cassava prices due to tight supply and strategic management of deliveries. The region benefitted from strong industrial demand and steady sales in both wholesale and retail markets. Processing industries in Brazil maintained consistent procurement levels, which helped support the upward price momentum throughout 2024.

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Asia

The spread of cassava mosaic disease and cassava witches' broom disease threatened the Asian cassava plantations, impacting over 3.5 million hectares. CMD, introduced through Cambodia, rapidly affected plantations across mainland Southeast Asia, reducing yields by up to half and disrupting the cassava supply chain.

To combat the diseases, researchers focused on multiplying healthy cassava stems and developing disease-resistant varieties. While these efforts provided only short-term relief, and in view of concerns over the quality of produce, consumer confidence in this sector has declined. The loss of consumer interest in the sector eventually resulted in the downfall of the cassava price trend during the third and fourth quarters of 2023.

South America

The Amazon rainforest faced its worst drought in the later quarters of 2023, leading to severe repercussions such as unreachable villages, wildfires, and wildlife fatalities. The drought's impact on communities like Bom Jesus de Igapo Grande was drastic, and with spoiled crops such as Brazilian cassava, the spot prices dipped from approximately 144.8 USD/MT (FD) in July to around 116.37 USD/MT in December '23. The El Niño weather pattern, compounded by climate change, is exaggerated by the supply situation, with abnormal warming in the Pacific and North Atlantic oceans contributing to hot, dry conditions in the Amazon.

Asia

The first half of 2023 turned out to be really good for Asian Cassava producing countries like Vietnam and Cambodia. The year 2023 witnessed a good yield of cassava crops. As global trade started opening up in the post-pandemic era and supply chains improved with improved transportation mediums, end-consumer demands for Cassava saw a rise. China was one of the major importers of Cassava from these countries. Overall, very positive market sentiments were observed for Cassava prices in H1 2023.

South America

South American Cassava market, though, behaved totally differently. Cassava started fine in Brazil and experienced inclined price trend in January. New orders were being received, and the projections looked good, but an unanticipated competition appeared in exporting the root vegetable.

Asian Cassava producing countries, too, saw record crop yields, so the market had excess supplies. So as the export queries declined, the price trend for Cassava turned south in the Brazilian market from February and declined consistently throughout the rest of the concerned period. But because domestic consumption in Brazil was still significant, the cassava market stayed afloat.

Asia

The cassava prices displayed diverse trend throughout the Asia-Pacific region. In India, cassava prices increased averaging 40 INR/kg. The cassava prices did not increase for the past two years, hence many producers stopped production and shifted to other products for larger profits. However, this year the demand rebounded in the domestic market causing the prices to inflate as the inventories ran dry. In Cambodia, the cassava prices averaged 370-420 rivels/kg (0.096 USD/kg).

Africa

The cassava price averaged 30,000 Naira/MT ( or 67.80 USD/MT ) in Nigeria during the third quarter period. Owing to the high input costs, the market supply of cassava declined. Since cassava is a household staple in Africa, shortages amid solid demand caused the prices to incline.

Latin America

The price trend for cassava kept steadily rising in the Brazilian market throughout the said period. The prices went from  167.84 USD/MT in July to 227.72 USD/MT ( Spot FD Brazil) ( approx.) in December 2022. The inclined prices were the result of high demand and lowered supply owing to harvest losses caused by unfavourable weather conditions.

Asia

Thailand, Cambodia, and Vietnam are the key exporters of the tuber in the Asian region. Chinese cassava imports account for around 36.5% of the global imports. However, in the current quarter, the price trend of the tuber dipped due to various reasons.

Firstly, many farmers in Thailand switched to planting rice due to better pricing and the demand from the Chinese market declined. To prevent the stockpiling of corn in the domestic market, the Chinese government directed the manufacturers to use corn instead of cassava in feed production. The price of Thai cassava averaged 2.1-2.2 THB/kg in the market.

Latin America

Cassava forms an essential part of the diet in Brazilian households. Brazilian cassava prices averaged 1.43-1.17 USD/kg or around 1430 USD/ton.

Middle East and Africa

The price trend of the tuber remained firm in the African market. Despite being the largest producer, African exports are limited as most of the product is consumed domestically. Domestic productions help achieve food security and provide recurring income to the farmers.

Asia

As the global demand for cassava increases, Thailand’s cassava market is projected to prosper amid rise in cereal prices. In March 2022, the price of fresh cassava root was around 2.5-2.6 THB/kg. The cassava prices are projected to increase with an increase in demand. The global cassava root production is expected to increase to 302 MMT. Thailand has an estimated domestic demand of 12.7 MMT for cassava root while exports are estimated at 29.7 MMT.

Latin America

Cassava root prices were in the range of 153-163 USD/MT in Brazil in the final week of March.

Asia

In the fourth quarter of this year, Thailand's Industry and Trade Information Center raised the value floor of cassava flour from 475 USD/MT to 480 USD/MT, resulting in a price increase from 0.41 USD/kg to 0.42 USD/kg. Other merchants, such as the Thai Yam and Tapioca Factories Association, increased the price of exported chips by 0.5 USD/kg at the same time. On the other hand, raw cassava prices remained steady at roughly 0.075-0.080 USD/kg.

Europe

In December 2021, tuber prices in the United Kingdom were projected to be between 1220 USD/MT and 1290 USD/MT. Cassava starch was frequently used in the textile industry for finishing, sizing, and printing because of its flexibility, abrasion resistance, and ability to create a link with the fibre.

Latin America

In the fourth quarter of 2021, the tuber market price in Brazil gradually increased, reaching 124 USD/MT in December, from 102 USD/MT in October. After a period of low productivity, cassava prices increased as demand grew.

Asia

The tuber’s business grew as a result of urbanisation, increased working population, and rising family incomes, while the global food sector expanded significantly, particularly in emerging economies like India and China. This aided the growth of the industry by raising demand for ready-to-eat foods.

Latin America

For the first three quarters of 2021, the average Brazilian market prices of the tuber were in the range of 78-102 USD/MT. Since the tuber is a well-established product in South American countries, consumption patterns and total market demand were steady. Latin America's population growth, as well as expanding food industry demand, were the key drivers of the market in 2021.

Asia

In 2020, the cassava market price in Vietnam was roughly 94 to 98 USD/MT, while the price range in Indonesia was 68 to 72 USD/MT. Thailand ranked fifth in exports in 2020, with a 6.32 percent global share, a value of USD 5.77 million, and a volume of 4.84 MT. It was ranked 19th in 2020 imports, with a 0.46 percent share valued at USD 578.19 thousand and a volume of 92.96 thousand MT.

Europe

Average manioc import prices in the United Kingdom were 1170 USD/MT in the start of 2020. Manufacturers were attempting to develop and invent clean-label meals and food ingredients, which increased demand for wheat as a natural product in the worldwide food and beverage industries. Technological developments, industrial expansion, and increased population growth fueled global demand for flour.

North America

Manioc starch prices in the United States were 668 USD/MT in January, 640 USD/MT in February, and 692 USD/MT in March of 2020. The global cassava flour market expanded as a result of rising consumer desire for a healthy lifestyle, which led to increased consumption of healthy food products and food ingredients. Furthermore, market expansion was fueled by increased demand for packaging innovation, convenience meals, and an expanding population willing to pay a premium for healthy food.

Latin America

Cassava prices in Brazil fell from 114 USD/MT in January to 82 USD/MT in February, and then to 76 USD/MT in March of 2020. While prices rose to 100 USD/MT in October, they fell down to 87 USD/MT in November and stayed rangebound until the end of the year. Government-imposed lockdowns and transportation restrictions hampered various food industries, causing the market to suffer from a drop in demand and consumption.