Latest (1.15) Production and Market Situation of Cassava and Starch in Thailand

The following is the latest (January 14th) survey conducted by our website on the production and market situation of cassava and starch in Thailand, for your analysis and reference:

1. Fresh Potato Supply: Each cassava production area has abundant labor and a sufficient amount of fresh potatoes on the market, which can meet the raw material needs of starch factories;

2. Fresh potato quality: Overall good quality, moderate sand and mud, slightly increased flour content, with a Kerat of 24.6-25.6% (+0.0);

3. Fresh potato prices: Kolat Dong 2.00-2.65 (high -0.0) Kongjing 1.95-2.55 (+0.05) (baht/KG);

4. Startup factories: As of January 14th, there were 98 startup factories, accounting for 95.1% of the total, an increase of 0.0 percentage points compared to the previous month;

5. Production situation: Stable supply of raw materials, production capacity of about 92%, powder yield of 24.5-25.5% (+0.0 percentage points);

6. Market situation: Factory inventory slightly increased on a week on week basis, while the cassava starch market in Thailand remained stable with some decline;

7. Domestic powder prices: Last weekend, regular prices were 13.1-13.3 (-0.1), while high-quality prices were 13.4-13.6 (-0.1) (baht/KG);

8. Bangkok exports: Regular products 380-390 (+5) and high-quality products 400-410 (+5) (FOB USD/ton) last weekend;

9. Other situations: Stable supply of raw materials, normal operation of factories, slight increase in output, and insufficient sales of products;

Overall, last week, in terms of production, there was a slight increase in starch production compared to the previous week, while finished product inventory remained roughly unchanged (sample value). In terms of exports, stimulated and influenced by factors such as increased demand in the Chinese pre holiday market, weakened wait-and-see attitude, and some positive news in the market, the export market of Thai starch has shown a mild rebound trend. The latest average price of sampled brands closed with a slight increase (FOB+5 USD/ton for ordinary products in Bangkok). At the same time, the actual offshore volume of starch exports (to China) still slightly increased compared to last week.

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