The rising price of milk tea raw materials China's ethanol industry unexpectedly has an impact on the pearl of pearl milk tea?!

After seeing the title, do you also capitalize the question mark? How does the price increase of "Pearl" have anything to do with pigs? Pigs have also said: we did not eat cassava! We ate corn!

How on earth is this fat? Recently, the Japanese media reported that the price of "pearls" (cassava balls) in milk tea raw materials is going to rise! The reason is that the price of cassava, the raw material of Pearl, is on the rise. The reason for the rise is caused by China's pig industry. Affected by the swine plague in Africa, the stock of pigs and pigs in China was once reduced. By this year, due to the progress made in large-scale farming, the recovery of the pig industry has been rapid and exceeded people's expectations. The rapid growth of the number of pigs has greatly increased the demand for corn, and producers of ethanol and disinfectant are also in great need of corn. But they can't rob pigs of their food, so many producers of ethanol and disinfectant have replaced corn with dried cassava, most of which are imported from Thailand.

So what does this have to do with Japanese pearls? The "pearls" used in Japan are made in Taiwan, while the cassava produced in Taiwan comes from Thailand, where the export price of cassava / cassava starch is rising this year because of China's high demand for cassava.

According to the Thai cassava Trade Association, Thailand's dry cassava exports to China from January to August 2021 totaled about 3.84 million tons, exceeding the annual exports in the past two years. As China imports more, Thailand's cassava has naturally become nervous. According to the Thai cassava starch Association, the export price of cassava rose to 2630 baht per ton as of September 2021, up 15% from the beginning of the year. By early November 2021, the export price of Thai cassava starch was US $480 per ton, up 13% from its lowest price in May 2020.

A Japanese trading company said that although the rise in the price of cassava does not have much impact on the price of "pearl", the price of milk tea in Japan can remain at the current level. But according to the current trend, if the price of cassava continues to rise, it is hard to say! After all, with the acceleration of global decarbonization, the demand for biofuels will only increase, COVID-19 is not yet stable, and the global demand for ethanol continues. China, as the third largest producer of fuel ethanol in the world, will only have more and more demand for cassava in the future. It is not impossible for Chinese ethanol to affect the price of Japanese pearl milk tea.

The pigs said they didn't understand why they carried the pot.

Photo Source: Internet

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