Latest (1.22) Production and Market Situation of Cassava and Starch in Vietnam

        Last week, firstly, in terms of production, as of January 18th, there were about 79 starch factories in operation (week on week -20), and starch production continued to decline on a week on week basis; The supply of raw materials has significantly decreased compared to the previous week, and potato prices have shown a fluctuating downward trend. At present, the average production time per week in starch factories is 6.0 days (compared to last week -0.0 days); The purchase prices for fresh potato raw materials are as follows: 2350-2450 VND/kg in the southern region (compared to last week's -100 VND/KG, local potatoes, discounted by 30% flour content), 2270-2370 VND/kg in the central region (compared to last week's -80 VND/KG, discounted by 30% flour content), and 1980-2080 VND/kg in the northern region (compared to last week's -50 VND/KG, raw potatoes). Secondly, in terms of the market, influenced by factors such as the shutdown of many starch factories for holidays and the decline in pre holiday demand in the Chinese market, the export market of cassava starch in Vietnam is showing a fluctuating and wait-and-see trend, with prices closing flat. The latest quotes for mainstream brands are (Qingdao Port CIF): low-end products 330-340 (+0), ordinary products 345-355 (+0), and high-quality products 365-375 (-0) (USD/ton).

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