Bulletin  board (reference) of cassava market on August 5, 2024

I. About Cassava Starch:

According to news from cassava factories, the demand for purchasing goods from China is still slow.

The price of raw materials in Tay Ninh area tends to decrease, leading to a decrease in the price of finished cassava starch at Tay Ninh factory.

In addition, there is information that the cassava factory in the Central Highlands area belonging to Quang Ngai Agricultural Products and Food Joint Stock Company has started the new crop 2024 - 2025.

Accordingly, the FOB Ho Chi Minh City selling price has decreased, but the number of transactions is not much.

The Thai Cassava Association announced that the selling price of Cassava Starch remains the same as the previous week, at 525 USD/ton FOB Bangkok (announced on July 30, 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 a price reduction of 05 USD/ton compared to last week, in the range of 485 - 510 USD/ton FOB Ho Chi Minh City port.
 

II. About Cassava chips:

According to information from cassava chip trading units, the demand for cassava chips in the domestic market of Vietnam has shown signs of returning, as feed factories prepare feed sources for the time of livestock and poultry herds at the end of the year.

For the export market, the export price has not shown signs of increasing as expected, so export units are still storing them in stock waiting for sale.