Latest (12.4) Production and Market Situation of Cassava and Starch in Vietnam

Last week, first of all, in terms of production, as of December 3rd, there were about 103 starch factories in operation (week on week+0), and starch production continued to increase significantly week on week. The supply of raw materials has maintained an increasing trend compared to the previous week, and potato prices have remained volatile and stable; At present, the average production time per week in starch factories is 6.4 days (+0.1 days compared to last week); The purchase prices for fresh potato raw materials are as follows: 2750-2850 VND/kg in the southern region (30% off flour content compared to last week's -0 VND/KG for local potatoes), 2550-2650 VND/kg in the central region (30% off flour content compared to last week's -0 VND/KG), and 2200-2300 VND/kg in the northern region (-50 VND/KG off flour content compared to last week's -50 VND/KG for raw potatoes). Secondly, in terms of the market, due to the continuous increase in starch production and sales difficulties, the export market of cassava starch in Vietnam still maintains a fluctuating downward trend, with prices closing at a significant ｄｒｏｐ. The latest quotes for mainstream brands are (CIF Qingdao Port): low-end products 370-380 (-25), ordinary products 390-400 (-20), and high-quality products 400-410 (-20) (USD/ton).

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