Drought situation affects cassava production in Thailand

Source: bnews.vn Mr. Ronnarong Phoolpipat, Director of the Department of Foreign Trade, said that there is a high demand in the foreign market for Thai tapioca and cassava products, as customers are willing to buy all available quantities. However, Thailand's cassava production is declining due to drought. Mr. Ronnarong also said that a part of farmers have switched to sugarcane, leading to the price of cassava starch may remain at a favorable level throughout this year due to stable demand and limited supply. He advised farmers not to rush to harvest small cassava roots to sell during high prices as this may affect overall quality. Thailand's fresh cassava prices are currently listed at 3.10- 3.55 baht/kg (about 0.088-0.1 USD/kg), higher than the guaranteed price of 2.50 baht/kg. The country's fresh cassava production is estimated at 36 million tons this year, lower than the domestic demand forecast of 40 million tons. In 2022, Thailand exported a total of 11 million tons of ...