Cassava Starch Price Per Ton 2020

Cassava starch finds almost one-third of its global application in the sweeteners industry. The artificial sweeteners market is seeing a healthy growth over the last few years due to the increasing number of diabetes occurrences leading to a greater concern about health among the consumers. Thus, the growth of the artificial sweeteners market is providing an impetus to the cassava starch market growth.

The Asia Pacific is a leading producer in the market. Africa and Latin America are the other major producers. Growing urbanisation along with mounting household incomes and rising working population in emerging countries India and China are aiding the market.

Description

If urgent solution is not provided, cassava will be expensive towards the end of 2020 and early 2021. There may not be enough cassava for garri, cassava flour and other food items. Even if cassava is available, it will be very expensive. “Many farmers boycotted cassava cultivation in 2020, and this development could lead to scarcity of the produce. The reason for the boycott was due to the huge losses recorded in 2019 by many farmers as a result of glut. This alarm was raised mid last year by the Secretary of the Lagos State Chapter of All Farmers Association of Nigeria (AFAN), Abimbola Fagoyinbo-Francis, following a revelation that many farmers boycotted cassava cultivation in 2020.

Just as predicted, cassava has now become a goldmine, as its price increases on daily basis, despite the country’s position in the comity of cassava producing countries. Nigeria is the largest cassava producer globally, accounting for about one-fifth (21 per cent) of total production worldwide. The demand for cassava and its constituents is high in the domestic economy. However, the supply has been unable to meet the huge demand.

Features of Cassava Starch

Cassava starch, also known as tapioca, is the starch derived from the roots of the cassava plant. It is largely manufactured by the wet milling process of fresh cassava roots, due to the low proteins and lipids content in the plant root. It is also derived from dry cassava chips in Asian countries like Thailand.

Cassava starch, which is similar in properties to other starches, is preferred over the others due to its cost-effective and simple manufacturing process, which can take place in a small-scale. Due to its several favourable properties like high purity, clarity, viscosity, neutral taste, excellent thickening property, and superior freeze-thaw stability, it finds application across various industrial sectors like:

  • Sweeteners
  • MSG/Lysine
  • Food Industries  
  • Paper Industries
  • Modified Starch
  • Sago Pearl
  • Textile

Sweeteners are the largest application sector for cassava starch. In the food segment, it is used in soft drinks, bakery and pastry products, noodles, soups, ice creams, and yoghurts, among others. Cassava starch is also increasingly finding its application in non-food industries like paper, adhesive, leather, cardboard, pharmaceutical and other industrial sectors.

The EMR report looks into the industry in the North America, Europe, Latin America, Asia Pacific, and Middle East and Africa regions.

Prices of Cassava Starch

$380.00-$410.00/ Metric Ton

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