2024年7月18日 星期一 19:43:55

Starch Industry News from Last Week (January 11-18, 2025)

1、 Domestic situation

1. Foreign exchange market news: Recently, the US dollar against the Chinese yuan has fluctuated at a high level, and importers are holding onto the currency to observe;

2. According to customs statistics, in 2024, China's total import and export of goods reached 43.8 trillion yuan, an increase of 5%, setting a new historical high;

3. As of January 10, 2025, the total corn inventory in the four northern ports was 4.618 million tons, an increase of 191000 tons compared to the previous week;

4. China Federation of Logistics and Purchasing: The comprehensive PMI output index for December 2024 was 52.2%, an increase of 1.4% from the previous month;

5. As of January 16th, 149 major corn deep processing enterprises in China have consumed 1.427 million tons of corn, an increase of 1.2% compared to the previous week;

6. As of January 16th, the total corn inventory of 96 major corn processing enterprises was 6.251 million tons, an increase of 5.1% compared to last week;

7. According to the "Starch World" website, as of January 16th, the operating rate of corn starch enterprises was 67.4%, an increase of 0.57% compared to last week;

8. Starch World "website news: As of the weekend, the trading volume of cassava starch in China has continued to shrink due to the impact of merchants leaving the market near the Spring Festival.

9. Starch World "website information: Stimulated and influenced by sufficient raw materials, starch production in Guangxi is still operating at a high level;

10. Last week, the domestic corn starch spot market fluctuated and remained cautious, with trading volume shrinking and the average price in the main sales area falling by 0 yuan/ton;

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

12. Last week, the domestic cassava starch market in Vietnam fluctuated and remained cautious, with a significant decrease in trading volume and a 20 yuan/ton drop in quotes in the main sales area;

13. Last week, the domestic cassava starch market in Thailand rebounded moderately with a slight decrease in trading volume, and the average price in the main sales area increased by 20 yuan/ton;

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

2、 Foreign situation

1. As of January 12, 2024/25, the import volume of EU grains decreased by 9% year-on-year, while the export volume decreased by 33% year-on-year;

2. The International Grains Council has lowered its global corn production forecast by 6 million tons;

3. The French Agricultural Bureau has lowered its forecast for French corn exports for 2024/25 and raised its final inventory;

4. The Russian Ministry of Agriculture will lower wheat export tariffs by 2% and increase corn export tariffs by 2% for the next week;

5. The US corn spot market continues to rise (January 17, 2025);

6. Starch World "website news: Due to the sluggish starch market, high inventory, and the approaching Spring Festival, some Vietnamese factories have stopped production and are observing;

7. Last week, Thai potato prices were 2.00-2.65 (high -0.00) baht/kg for Korat and 1.95-2.60 (high -0.00) baht/kg for Kongjing;

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

9. Last week, domestic powder prices were 12.7-12.8 baht/KG for regular products and 13.0-13.2 baht/KG for high-quality products;

10. Last week, the export price of cassava starch from Thailand (FOB Bangkok) was 365-370 USD for regular and 390-400 USD/ton for high-quality products;

11. Last week, the CIF price of cassava starch from Vietnam to the port was 355-365 US dollars per ton for regular and 375-385 US dollars per ton for high-quality products;

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