Latest (3.12) Production and Market Situation of Cassava and Starch in Thailand

 The following is the latest (March 11th) 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 1.90-2.45 (high -0.1) Kongjing 1.90-2.35 (-0.0) (baht/KG);

4. Startup factories: As of March 11th, there were 89 startup factories, accounting for 86.4% of the total, a decrease of 1.0 percentage point 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 has slightly increased on a weekly basis, and the cassava starch market in Thailand is showing a fluctuating and wait-and-see trend;

7. Domestic powder price: Last weekend, the regular price was 12.8-13.0 (+0.0), and the high-quality price was 13.2-13.4 (+0.0) (baht/KG);

8. Bangkok exports: regular products 385-395 (-0) and high-quality products 405-415 (-0) (FOB USD/ton) last weekend;

9. Other situations: Currently, cassava raw materials in Thailand maintain sufficient supply, and starch factory production is generally normal;

Overall, last week, in terms of production, starch production remained roughly unchanged compared to the previous week, while finished product inventory slightly increased (sampled value). In terms of exports, due to government support for starch factories and production costs, the export market of Thai starch is currently in a fluctuating and wait-and-see trend. The latest average price of sampled brands is reported to be flat (FOB -0 USD/ton for ordinary products in Bangkok). At the same time, the actual offshore volume of starch exports (to China) has still fallen compared to last week.