Latest (11.20) Production and Market Situation of Cassava and Starch in Vietnam

Last week, first of all, in terms of production, as of November 19th, there were about 99 starch factories in operation (week on week+8), and starch production continued to increase significantly week on week. The supply of raw materials has maintained an increasing trend compared to the previous week, while potato prices have remained stable with some decline; At present, the average production time per week in starch factories is 6.2 days (+0.2 days compared to last week); The purchase prices for fresh potato raw materials are as follows: 2750-2850 VND/kg in the southern region (compared to last week's -50 VND/KG, local potatoes, discounted by 30% flour content), 2550-2650 VND/kg in the central region (compared to last week's -50 VND/KG, discounted by 30% flour content), and 2200-2300 VND/kg in the northern region (compared to last week's -50 VND/KG, raw potatoes). Secondly, in terms of the market, due to the continuous decline in raw material prices and the continuous increase in starch production in recent times, the export market of cassava starch in Vietnam has shown a fluctuating downward trend, with prices still reporting a moderate decline. The latest quotes for mainstream brands are (Qingdao Port CIF): low-end products 405-415 (-15), ordinary products 420-430 (-15), and high-quality products 430-440 (-15) (USD/ton).

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