Cassava market bulletin on October 14, 2024

I. About Cassava Starch:

According to information from cassava factories, currently, the raw material price is purchased by factories according to the output market price trend, however, it still ensures agricultural promotion for the next crop. Due to the low demand in the output market, some factories are not operating at full capacity.
 

The Thai Cassava Association announced that the selling price of Cassava Starch decreased by 10 USD/ton compared to the previous week, at 500 USD/ton FOB Bangkok (announced on October 8, 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 prices down 10 USD/ton compared to last week, in the range of 470 - 490 USD/ton FOB Ho Chi Minh City port.
 

II. About Cassava chips:

According to information from cassava chip trading units, the estimated amount of old-crop cassava chips in stock is about 100,000 tons. Corn prices are still low, so factories prioritize using corn. In case the price of cassava chips is equivalent to 80% of the corn price, many animal feed factories will change the formula, increasing the proportion of cassava chips in the animal feed mixing formula.
 

III. Detailed price list: 
Export cassava chip prices:
FOB Quy Nhon: $295/MT (Korea) and $245/MT (China)

Export starch prices:
FOB HCM: $470-490/MT
DAF Lang Son: 3,450 - 3,570CNY/MT
FOB Bangkok: $500/MT