Latest (3.5) Production and Market Situation of Cassava and Starch in Thailand

The following is the latest (March 5th) 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: Currently, there is abundant labor in cassava production areas, and the market volume of fresh potatoes is sufficient to meet the basic needs of starch factories;

2. Fresh potato quality: The overall quality is good, with moderate sand and mud, and a consistent flour content of 23.5-24.5% (-0.0);

3. Fresh potato prices: Kolat Dong 1.95-2.55 (high+0.1) Kongjing 1.90-2.35 (-0.0) (baht/KG);

4. Startup factories: As of March 4th, there were 90 startup factories, accounting for 87.4% 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 90%, powder yield of 23.5-24.5% (-0.0 percentage points);

6. Market situation: Factory inventory continues to increase on a weekly basis, and the cassava starch market in Thailand is showing a stable but rising trend;

7. Domestic powder price: Last weekend, the regular price was 12.8-13.0 (+0.2), and the high-quality price was 13.2-13.4 (+0.2) (baht/KG);

8. Bangkok exports: regular products 385-395 (-3) and high-quality products 405-415 (-3) (FOB USD/ton) last weekend;

9. Other situations: Currently, cassava raw materials in Thailand are still abundant, but product sales are not satisfactory;

Overall, last week, in terms of production, starch production remained roughly unchanged compared to the previous week, while finished product inventory continued to increase (sample value). In terms of exports, due to the continuous increase in inventory pressure of starch factories, the export market of Thai starch is currently showing a stable but slightly declining trend. The latest average price of sampled brands closed with a slight decline (FOB Bangkok ordinary product -3 US dollars/ton). At the same time, the actual offshore volume of starch exports (China) is roughly the same as last week.

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