Most operators hold the same view on the later trend of cassava starch market. They believe that with the listing of new foreign flour, the domestic cassava starch price will drop slightly in the middle and late September. However, due to the large gap between supply and demand of cassava starch and the serious reduction of cassava production in Thailand, the price drop is expected to be limited. At that time, it will be more reasonable to quote domestic imported powder at around 4 150 yuan/ton.
In view of the wide use of cassava starch, the downstream manufacturers of cassava starch also turned to the peak season in September, and the demand for cassava starch increased greatly. On the supply side, cassava starch is in short supply at present, which is the main support of high market quotation. At present, the listing of new foreign powder in the later period is a negative factor in the market. However, the decline of cassava starch price will be restricted by factors such as the decline of external market quotation, the output of new flour abroad, the increase of demand for cassava and its products abroad, and the delay of domestic flour pressing season.
Recently, international food prices have risen significantly, domestic natural disasters such as drought and rainstorm have occurred frequently, and domestic prices have shown obvious signs of common rise. Under this economic background, the author thinks that the price of cassava starch in the later period mainly depends on the quotation in the external market, but if the quotation in the external market is above $500/ton, it is expected to have little impact on the domestic cassava starch price, and it is difficult to change the situation of high cassava starch price.
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