Latest (3.26) Production and Market Situation of Cassava and Starch in Vietnam

Last week, firstly, in terms of production, as of March 25th, there were about 72 starch factories in operation (week on week -8), and starch production continued to decline compared to the previous week; The supply of raw materials continues to decline, and the price of potatoes in the north has rebounded. At present, the average production time per week in starch factories is 4.7 days (compared to last week -0.3 days); The relevant purchase prices for fresh potato raw materials are: 2100-2200 Vietnamese dong/kg in the southern region (compared to last week -0 dong/KG, local potatoes, discounted by 30% flour content), 2020-2120 Vietnamese dong/kg in the central region (compared to last week -0 dong/KG, discounted by 30% flour content), and 1860-1960 Vietnamese dong/kg in the northern region (compared to last week+50 Vietnamese dong/KG, raw potatoes). Secondly, in terms of the market, due to the continuous reduction of factories in production, especially the upcoming shutdown of factories in the north, the export market of cassava starch in Vietnam has shown a stable upward trend, with prices reporting a slight rebound. The latest quotes for mainstream brands are (CIF Qingdao Port): low-end products 320-330 (+2), ordinary products 335-345 (+2), and high-quality products 355-365 (+3) (USD/ton).

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