1、CASSAVA INDUSTRYChaiwat SowcharoensukC+662 296 2000 Ext.50880THAILAND INDUSTRY OUTLOOK 2020-22May 20201Krungsri ResearchBetween 2020 and 2022,the cassava industry will see limited growth because although domestic consumption is expected to rise,exports which normally account for 64%of Thailands cass

2、ava products will drop principally due to weaker demand in China.The latter will be triggered by:(i)the shift from importing cassava to running down Chinas domestic corn stock,which would push downstream industries(especially producers of animal feed and ethanol)to switch from cassava to corn input;

3、(ii)lower demand for cassava as input for animal feed following the African Swine Fever and subsequent culling of livestock;and(iii)China investors increasing investing in the cassava industry overseas,to increase supply security for its ethanol manufacturers.However,the outlook remains positive for

4、 producers of modified cassava starch,a high-value-added product that will see rising demand from food processors and manufacturers of cosmetics and medicines.OverviewCassava is a carbohydrate-rich crop that has a wide range of uses in the 4Fs:Food(for human consumption),Feed(for animals),Fuel(to pr

5、oduce biofuelðanol),and Factories(to make alcohol,citric acid,clothing,medicine,paper and chemicals).For years,cassava has been cheaper than other starchy crops and has any industrial uses.These stoked demand in world markets,and cassava became the 5thmost important crop in the world,after wheat,

6、corn,rice and potatoes.In 2018,275 million tonnes of cassava were produced globally(Figure 1).Contributing 61.1%of the total,Africa was the most important cassava-producing region,followed by Asia1/(29.0%),the Americas(9.8%)and Oceania(0.1%).By individual country,Nigeria was the worlds biggest produ