Bulletin board (reference) of cassava market on September 16, 2024

I. About Cassava Starch:

According to information from cassava factories, due to the impact of storms and rains, the 2024-2025 production season in the northern provinces is expected to be about 20 days later than the 2023-2024 season.
 

According to information from export units, the amount of cassava starch inventory at Qingdao port, China fluctuates around 200,000 tons (with CFR purchase price over 500 USD/ton), creating pressure on Chinese traders to buy the next amount of goods to rotate warehouses in the Chinese market.
 

The Thai Cassava Association announced that the selling price of Cassava Starch decreased by 10 USD/ton compared to the previous week, at 525 USD/ton FOB Bangkok (announced on September 10, 2024). Note: The export price announced on Thailand's website is the transaction price of the previous week.

Normally, Thailand's announced price 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 news from cassava chip trading units, the world corn price has decreased sharply, causing the domestic corn price delivered to feed factories to decrease (to about 6.2 million VND/ton).

This has greatly affected the demand for cassava chips and cassava pulp used to mix into feed.

The inventory of cassava chips in the 2023 - 2024 crop is still quite large, it is expected that in the 2024 - 2025 crop, the amount of fresh cassava roots used to make cassava chips may decrease sharply.