The market news of cassava starch in July 2024.

The cassava starch market report for July 2024 provides an overview of the price and demand situation. While the price of cassava starch in Thailand remains unchanged at 525 USD/ton, Vietnamese factories continue to maintain prices ranging from 490 to 515 USD/ton FOB Ho Chi Minh. However, the demand for cassava chips from China is expected to decrease due to substitution with other raw materials, putting pressure on domestic raw material prices.

About cassava starch.

The Thai Tapioca Starch Association announced that the selling price of tapioca starch remained unchanged compared to the previous week, at 525 USD per ton FOB Bangkok (announcement on July 23, 2024). Note: The export price published on Thailand’s website is based on the previous week’s transaction price. Typically, Thailand’s published price is higher than the actual price by 30 – 50 USD per ton. Vietnamese factories are offering the same price as last week, ranging from 490 – 515 USD per ton FOB Ho Chi Minh Port.

About Cassava Chips

According to reports from cassava chip exporters, the demand for cassava chips in China is expected to continue declining in the upcoming harvest season. The reason is attributed to low corn prices, with some ethanol plants in China using corn or other alternative raw materials as substitutes.

Reports from cassava processing plants indicate that demand for orders from China remains sluggish.
The purchasing price of raw materials in the Tay Ninh area has decreased, leading to a drop in the production cost of tapioca starch at Tay Ninh factories. However, the FOB offering price in Ho Chi Minh City has not decreased further due to the limited supply at the beginning of the harvest season.