Cassava market bulletin (reference) on July 29, 2024

I. About Cassava Starch:

According to news from cassava factories, the demand for purchasing goods from China is still slow.

The purchase price of raw materials in Tay Ninh area has decreased, leading to a decrease in the price of finished cassava starch at Tay Ninh factory.

However, the FOB Ho Chi Minh City selling price has not decreased further, due to the small quantity of the first crop.

The Thai Cassava Association announced that the selling price of Cassava Starch remained the same as the previous week, at 525 USD/ton FOB Bangkok (announced on July 23, 2024). Note: The export price announced on Thailand's website is the transaction price of the previous week.

Thailand's announced price is usually 30 - 50 USD/ton higher than the actual price.

Vietnamese factories are offering the same price as last week, in the range of 490 - 515 USD/ton FOB Ho Chi Minh City port.
 

II. About Cassava chips:

According to information from cassava chip exporters, China's demand for cassava chips is expected to continue to decline in the upcoming season.

The reason is said to be low corn prices, with some ethanol factories in China using corn or other alternative materials.