Cassava and cassava products exports reached over 950 million USD in Vietnam

Published 2024년 11월 14일

Tridge summary

Vietnam saw a significant increase in cassava and cassava product exports in October, with over 176 thousand tons exported and a value of over 76 million USD, a 45.7% increase in volume and 34% increase in value compared to the previous month. China continues to be the main consumer market, with Taiwan and South Korea ranking second and third respectively. However, the export of cassava starch is slowing down due to decreased demand from China, leading to lower prices. Some Vietnamese factories have lowered their raw material purchase prices as a result. The cassava chip market for the 2024-2025 crop is expected to continue to experience a downward trend in price and demand.

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

Original content

According to preliminary statistics from the General Department of Customs, Vietnam's cassava and cassava products exports in October reached more than 176 thousand tons with a value of more than 76 million USD, a sharp increase of 45.7% in volume and 34% in value compared to the previous month. Cassava and cassava products exports reached over 950 million USD, with China still being the main consumer market. Photo: TL Cassava alone saw a sharp increase in export output of 239% in volume and 208% in value, equivalent to more than 24 thousand tons and reaching a value of more than 6 million USD in October. In the first 10 months, the export of cassava and cassava products reached more than 2.09 million tons, worth more than 955 million USD, down 12.7% in volume and 7% in value compared to the same period in 2023. In terms of markets, China continues to be the largest importer of cassava from Vietnam with more than 1.93 million tons, worth more than 873 million USD, down 11.6% in ...

Source: VNRuralEconomics