Cassava market bulletin on October 21, 2024

I. About Cassava Starch:

According to news from cassava factories, currently, the demand for purchasing goods is weak, the export price tends to decrease. Meanwhile, cassava factories still have to purchase raw materials and run machines depending on the regional ecology when fresh cassava roots reach the starch level.

The Thai Cassava Association announced that the selling price of Cassava Starch decreased by another 10 USD/ton compared to the previous week, at 490 USD/ton FOB Bangkok (announced on October 15, 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 10 USD/ton lower than 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 trading units, demand from Chinese factories is weak, while old crop inventories (purchase prices are high) are still quite large, so export volume is slow. It is expected that the decrease in fresh cassava prices will stimulate people to dry cassava chips, increasing supply. However, due to weak demand, units will purchase cassava chips at lower quantities and unit prices than in the 2023-2024 crop.
 

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