Cassava market bulletin on November 4, 2024

I. About Cassava Starch:

According to news from cassava factories, due to slow demand from China, some factories have had to adjust production volume. Cassava starch prices continued to decrease last week, so Chinese customers were afraid to buy, because if they bought the previous batch, Vietnamese enterprises would reduce the price of the next batch, and Chinese enterprises would suffer losses.
 

The Thai Cassava Association announced that the selling price of Cassava Starch remained the same as the previous week, at 490 USD/ton FOB Bangkok (announced on 29/10/2024). Normally, Thailand's announced price is 30 - 50 USD/ton higher than the actual price. Vietnamese factories are offering the same price as the previous week, in the range of 460 - 480 USD/ton FOB Ho Chi Minh City port.
 

II. About Cassava Chips:

According to information from cassava chip businesses, the market for cassava chips in the 2024-2025 crop is expected to continue to have a downward trend in price and demand. Some units still have inventory from the 2023-2024 crop and are forced to open warehouses to sell at a loss, to restructure finances for the new crop 2024-2025.
 

III. Detailed price list:
Export cassava chip prices:
FOB Quy Nhon: $295/MT (Korea) and $245/MT (China)
Export starch prices:
FOB HCM: $460 - 480/MT
DAF Lang Son: 3,400 - 3,520CNY/MT
FOB Bangkok: $490/MT