Cassava starch outer disk high support industry on the market is expected to be good

summary: From the outer plate cassava starch market, Thailand's supply of raw materials is relatively insufficient, the recovery of starch production after the festival is relatively slow, Vietnam cassava manufacturers and cassava starch production fell. Due to the flood in October 2022 and the outbreak of mosaic disease, the reduction of cassava production reached about 30%. Thailand cassava starch is expected to reduce production, cassava starch prices abroad by the high cost of raw materials, manufacturers operating rate reduction, starch production is expected to reduce production and other factors, the external price continues to climb. At present, Thailand cassava starch FOB (Bangkok) offers 480-530 USD/ton; Vietnam cassava starch CNF offers 460-480 USD/ton.

From the outer plate cassava starch market, Thailand's supply of raw materials is relatively insufficient, the recovery of starch production after the festival is relatively slow, Vietnam cassava manufacturers and cassava starch production fell. Due to the flood in October 2022 and the outbreak of mosaic disease, the reduction of cassava production reached about 30%. Thailand cassava starch is expected to reduce production, cassava starch prices abroad by the high cost of raw materials, manufacturers operating rate reduction, starch production is expected to reduce production and other factors, the external price continues to climb. At present, Thailand cassava starch FOB (Bangkok) offers 480-530 USD/ton; Vietnam cassava starch CNF offers 460-480 USD/ton.

木薯淀粉

Commencement in Thailand

As of February 7, Thailand had a total of 100 cassava starch factories, with 89 under construction, accounting for about 89% of the total. At present, the purchase price of fresh potatoes with 25% starch content is 2.93-3.45 baht/kg.

木薯淀粉

Domestic cassava starch market

From the domestic market point of view, the market in the stage of continuous recovery, part of the downstream has not yet fully resumed work, traders to sell inventory mainly, sales speed is relatively slow. Affected by the rise in external quotations, the domestic cassava starch market is generally stable and strong. At present, the mainstream quotation for medium and high-end cassava starch in Thailand is 3800~4250 yuan/ton. The mainstream quotation for mainstream cassava starch in Vietnam is 3500~3750 yuan/ton. Guangxi border trade market resumed customs clearance, with the mainstream cassava starch quoted at 3350~3700 yuan/ton. Domestic flour is still mainly sold in stock, the mainstream cassava starch is quoted at 4000~4100 yuan/ton.

木薯淀粉

Recent Downstream Demand

Affected by the price increase of the external market, after the recent market price increase, the downstream purchasing attitude is conservative, and the substantive transaction has not been significantly improved yet. Although the downstream demand will gradually pick up, the purchasing mentality is cautious and more resistant to high price transactions. Therefore, the market may have a small flexible adjustment space in a short period of time, and traders mostly adjust the shipping price according to their own inventory situation.

Market forecast

On the whole, due to the early flood disaster in Thailand and the outbreak of cassava mosaic disease, the supply of cassava raw materials is insufficient, and cassava starch is expected to reduce production by a large margin. At present, the price of the external market remains high, and the cost of imports has increased significantly. Recently, downstream businesses have started construction one after another, and the overall demand is good. In the short term, the cassava starch market quotation is temporarily stable; in the medium and long term, the domestic cassava starch market price is still expected to be stable and strong.

More information