BULLETIN BOARD (REFERENCE) OF CASSAVA MARKET ON JULY 8, 2024

I. About Tapioca Starch:

1. According to news from cassava factories, demand from China shows signs of returning when cassava starch inventories at Chinese domestic warehouses gradually decrease. Vietnam's cassava stock in storage for the 2023 - 2024 crop is enough to supply domestic and foreign market demand until the new crop begins. It is expected that the 2024 - 2025 production season in Vietnam will be about 1 month later than the 2023 - 2024 crop year.

2. The Thai Cassava Association announced that the selling price of cassava starch remained the same compared to the previous week, at 535 USD/ton FOB Bangkok (announced July 2, 2024) due to preparations for the new crop. Note: Export prices published on Thailand's website are the transaction prices of the previous week. Normally, Thailand's announced price is 30 - 50 USD/ton higher than the actual price. Vietnamese factories are offering prices unchanged from last week, in the range of 495 - 520 USD/ton FOB Ho Chi Minh port.

II. About Cassava Chips:

According to news from cassava chip exporters, currently, Chinese customers are showing signs of returning to inquire about goods. However, Chinese customers paid a relatively low purchase price, at about 240 USD/ton FOB. This price is lower than the break-even price, so exporters are still waiting for the price to increase before selling.

III. Detailed price