Bulletin board (reference) of cassava market on August 26, 2024

I. About Cassava Starch:

According to news from cassava factories, the USD and CNY exchange rates have both decreased in the context of consumption demand and selling prices not showing positive signs, which has caused disadvantages for cassava factories as the 2024-2025 crop season is approaching.
 

According to calculations by export units, with the export progress as in the past, it is expected that by early September, the 2023-2024 crop inventory will be consumed before the new production season.
 

The Thai Baht's appreciation against the US Dollar is causing difficulties for the country's new crop of cassava starch, pushing up the FOB export price.
 

The Thai Cassava Association announced that the selling price of Cassava Starch increased by 10 USD/ton compared to the previous week, at 535 USD/ton FOB Bangkok (announced on August 20, 2024). Note: The export price announced on Thailand's website is the transaction price of the previous week.
 

Normally, the announced price of Thailand is 30 - 50 USD/ton higher than the actual price.
 

Vietnamese factories are offering the same price as last week, in the range of 480 - 505 USD/ton FOB Ho Chi Minh City port.

 

II. About Cassava Chips:

According to information from cassava chip trading units, the price of Corn and Corn Starch in the Chinese market has decreased (the ex-factory price of Corn Starch is in the range of 2,850 to 3,100 yuan/ton), affecting the demand and price of cassava chips from Vietnam as well as Thailand when imported into China.
 

Meanwhile, the price of imported corn into Vietnam for delivery in September 2024 also decreased slightly (between 6,550 and 6,850 VND/kg delivered to feed factories), causing the purchase price of cassava chips of domestic feed factories to decrease.