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

The following is the latest (December 3rd) 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: Due to the increase in fresh potato sales in various regions, it can basically 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 24.0-25.0% (+0.0);

3. Fresh potato prices: Klang Dong 2.32-3.12 (high -0.03) Kongjing 2.03-2.73 (-0.02) (baht/KG);

4. Startup factories: As of December 3rd, there were 95 startup factories, accounting for 92.2% of the total, an increase of 0.9 percentage points compared to the previous month;

5. Production situation: Raw materials have rebounded slightly, with a production capacity of about 86% and a powder yield of 24.0-25.0% (+0.0 percentage points);

6. Market situation: Factory inventory remained relatively stable on a weekly basis, while the domestic cassava starch market in Thailand showed a stable but slightly declining trend;

7. Domestic powder prices: Last weekend, the regular price was 14.0-14.1 (-0.2), and the high-quality price was 14.4-14.6 (-0.2) (baht/KG);

8. Bangkok exports: Ordinary products 420-430 (-5) and high-quality products 435-445 (-5) (FOB USD/ton) last weekend;

9. Other situations: Currently, the potato prices in Thailand are low, and potato farmers have strong opinions. The government is currently investigating the situation and may intervene;

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, influenced by factors such as the continuous decline in raw materials and insufficient demand in the Chinese market, the export market of Thai starch has maintained a fluctuating downward trend. The latest average price of sampled brands closed with a slight decline (FOB Bangkok ordinary product - $5/ton). At the same time, the actual offshore volume of starch exports (China) has shrunk compared to last week.

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