A Chinese businessman is looking at the price to buy a type of starch from Vietnam but the price is a bit low

Published 2024년 6월 20일

Tridge summary

The report provides an overview of Vietnam's cassava market dynamics and export performance as of June 2024, focusing on price trends for cassava chips and fresh cassava roots. It highlights a decrease in the volume but an increase in the value of cassava exports compared to the same period in 2023, with China being the largest market. The article also brings attention to the challenge of market competition and the need for quality improvement to maintain market share in China. Furthermore, it discusses the strategic shift of Vietnamese businesses towards sea exports and the significant increase in Chinese imports of cassava starch from Vietnam and other countries like Laos. Additionally, it forecasts an expected increase in China's demand for cassava starch for the Mid-Autumn Festival, alongside concerns about declining cassava chip inventory and the potential for Chinese factories to resume purchases in July 2024.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to a report from the Import-Export Department (Ministry of Industry and Trade), on the first day of June 2024, the export price of cassava chips to the Chinese market was at 250 USD/ton, FOB Quy Nhon; Export price to the Korean market is about 300 USD/ton, FOB Quy Nhon. Meanwhile, the price of fresh cassava in provinces and cities has not changed much compared to the end of May 2024. Currently, the price of fresh cassava in the Northern provinces fluctuates at 2,750-2,850 VND/kg. In the Central provinces, the price of fresh cassava is purchased at 2,950-3,100 VND/kg. The price of fresh cassava purchased in Kon Tum is 2,700-3,100 VND/kg. Currently, factories in the Northern and Central regions have stopped production, fresh cassava roots are still purchased for other purposes such as: making cassava chips, handmade flour... Meanwhile, some factories Machines in the Central Highlands and Tay Ninh areas still produce, but run intermittently. According to statistics from the ...

Source: Danviet