Starch Industry News from Last Week (November 3-9)

1、 Domestic situation

1. The Chinese Academy of Thermal Sciences has made significant progress in gene editing to increase the resistant starch content in cassava;

2. China Federation of Logistics and Purchasing: The China Warehousing Index for October was 49.4%, a decrease of 0.4 percentage points compared to the previous month;

3. General Administration of Customs: In the first 10 months, China's total import and export value of goods trade reached 36.02 trillion yuan, a year-on-year increase of 5.2%;

4. General Administration of Customs: From January to September, China imported 47.34% of cassava starch from Thailand, a year-on-year increase of 5.27%;

5. General Administration of Customs: From January to September, China imported 38.92% of cassava starch from Vietnam, a year-on-year increase of 51.83%;

6. General Administration of Customs: From January to September, China imported a total of 30647.256 tons of potato starch, a year-on-year increase of 95.59%;

7. General Administration of Customs: From January to September, China exported a total of 2199.042 tons of potato starch, a year-on-year decrease of 40.41%;

8. As of November 7th, the operating rate of corn starch enterprises was 67.9%, an increase of 3.1% compared to last week;

9. Last week, the domestic corn starch spot market fluctuated and remained cautious, with slightly increased trading volume and an average price increase of 0 yuan/ton in the main sales area;

10. Last week, the spot market for domestically produced cassava starch fluctuated and fell, with trading volume remaining relatively stable. The average price in the main sales area dropped by 70 yuan/ton;

11. Last week, the domestic cassava starch market in Vietnam continued to decline, with increased trading volume and a ｄｒｏｐ of 70 yuan/ton in the main sales area;

12. Last week, the domestic cassava starch market in Thailand continued to decline with a slight increase in trading volume, and the average price in the main sales area fell by 30 yuan/ton;

13. Last week, the domestic potato starch market fluctuated and remained cautious, with roughly equal trading volumes. The average price in the main sales area fell by 0 yuan/ton;

2、 Foreign situation

1. As of November 3, 2024/25, the import volume of EU grains decreased by 9% year-on-year, while the export volume decreased by 31% year-on-year;

2. Global feed market outlook for one week: Strong export sales boost US corn prices;

3. As of November 8, 2024/25, Ukraine's grain exports increased by 52% year-on-year;

4. The US corn spot market rose (November 8, 2024);

5. Vietnam Customs General Administration: From January to September 2024, the export volume of cassava and cassava products in Vietnam was 1.9169 million tons, a year-on-year decrease of 10.03%;

6. Starch World "website news: Due to the weak Chinese market, Vietnam's cassava and product exports have significantly declined so far this year;

7. Starch World "website news: Cassava starch factories in Laos and Cambodia have achieved a production rate of over 70%;

8. Last week, Thai potato prices were 2.25-3.15 (high -0.05) baht/kg for Korat and 2.20-3.10 (high -0.05) baht/kg for Khon Kaen;

9. Last week, there were 88 starch factories in production in Thailand, accounting for 87% of the total number of factories;

10. Last week, domestic powder prices were 14.8-14.9 baht/KG for regular products and 15.0-15.2 baht/KG for high-quality products;

11. Last week, the export price of cassava starch from Thailand (FOB Bangkok) was 440-445 US dollars per ton for regular and 455-470 US dollars per ton for high-quality products;

12. Last week, the CIF price of cassava starch from Vietnam to the port was 440-450 US dollars per ton for regular and 450-465 US dollars per ton for high-quality products;

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