Starch Industry News from Last Week (December 22-28)

1、 Domestic situation

1. Exchange rate news: This week, the US dollar against the Chinese yuan has been consolidating at a high level, and the future direction is unclear;

2. China Feed Industry Association: In November, the national industrial feed production was 27.1 million tons, a decrease of 1.2% month on month and 2.7% year-on-year;

3. China Feed Industry Association: From January to November 2024, the total industrial feed production in China reached 281 million tons, a year-on-year decrease of 2.54%;

4. General Administration of Customs: The total export volume of potato starch from January to November 2024 was 4522.618 tons, an increase of 5.14% year-on-year;

5. General Administration of Customs: The total import volume of potato starch from January to November 2024 was 35870.901 tons, an increase of 88.97% year-on-year;

6. General Administration of Customs: The total import volume of corn starch from January to November 2024 was 2431 tons, a year-on-year decrease of 61.20%;

7. General Administration of Customs: The total export volume of corn starch from January to November 2024 was 10455 tons, a year-on-year increase of 435.21%;

8. As of December 26th, the operating rate of corn starch enterprises was 66.5%, an increase of 1.8% compared to last week;

9. As of December 26th, the total inventory of 96 major corn processing enterprises was 4.606 million tons, an increase of 4.28% compared to last week;

10. Starch World "website: Currently, cassava starch production in Guangxi maintains a high level of operation, with sufficient supply of raw materials;

11. Last week, the domestic corn starch spot market fluctuated and stabilized, with trading volume roughly unchanged, and the average price in the main sales area fell by 0 yuan/ton;

12. Last week, the spot market for domestically produced cassava starch fluctuated and remained stable, with increasing trading volume. The average price in the main sales area fell by 0 yuan/ton;

13. Last week, the domestic cassava starch market in Vietnam continued to decline, with trading volume roughly unchanged, and quotes in the main sales area falling by 70 yuan/ton;

14. Last week, the domestic cassava starch market in Thailand remained stable with some decline, with trading volume roughly unchanged and an average price drop of 10 yuan/ton in the main sales area;

15. Last week, the domestic potato starch market fluctuated and consolidated, with a slight increase in trading volume, and the average price in the main sales area fell by 0 yuan/ton;

2、 Foreign situation

1. Global Feed Market Annual Outlook: Corn Market May Rise and Fall in 2025;

2. The US corn spot market rose (December 27, 2024);

3. Ukrainian Ministry of Agriculture: As of December 27, 2024/25, Ukraine's grain exports increased by 22% year-on-year;

4. Brazil has included cassava and its products in the "National Basic Food Basket" plan and increased policy support for the cassava industry;

5. The Thai Ministry of Commerce plans to take multiple measures to promote cassava consumption and expand export scale;

5. The Thai Ministry of Commerce plans to take multiple measures to promote cassava consumption and expand export scale;

6. "Starch World" News: This week, the Thai Cabinet approved a budget of 368.9 million Thai baht to stabilize cassava prices and the market;

7. Starch World "website: Currently, cassava starch production in Laos maintains a high level of operation, with sufficient supply of raw materials;

8. Last week, Thai potato prices were 2.05-2.70 (high -0.15) baht/kg for Korat and 2.00-2.65 (high -0.15) baht/kg for Khon Kaen;

9. Last week, there were 98 starch factories in production in Thailand, accounting for 97% of the total number of factories;

10. Last week, domestic powder prices were 13.2-13.4 baht/KG for regular products and 13.5-13.7 baht/KG for high-quality products;

11. Last week, the export price of cassava starch from Thailand (FOB Bangkok) was 375-380 US dollars per ton for regular and 405-420 US dollars per ton for high-quality products;

12. Last week, the CIF price of cassava starch from Vietnam to the port was 365-380 USD for regular and 400-410 USD/ton for high-quality products;