Cassava market bulletin on October 28, 2024

I. About Cassava Starch:

According to news from cassava factories, currently, the demand for purchasing goods from Chinese customers has not increased, even though it is preparing for the main production season (the end of the Lunar New Year). The price movements of Thailand, Laos and Cambodia are quite low, more competitive than those of Vietnam, so Chinese customers prioritize purchasing goods from these countries.
 

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. Normally, the announced price of Thailand is 30 - 50 USD/ton higher than the actual price. Vietnamese factories are offering the same price as last 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, there is a demand to buy from Chinese factories, however, the price that customers accept is quite low when compared to domestic prices at Vietnamese feed factories. According to preliminary statistics, in the first 9 months of the year, Vietnam's exports decreased by about 50% in volume and value compared to the same period in 2023.

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