Cassava prices in Vietnam decreased due to weak Chinese demand

Published 2021년 4월 1일

Tridge summary

The article highlights a decrease in cassava prices in Vietnam's Central region and Central Highlands due to an increased harvest by farmers, leading to a surge in supply and a drop in export prices. Despite this, Yen Bai province managed to export around 7,200 tons of cassava and cassava products in 2020, earning about 3 million USD. The province aims to maintain cassava cultivation at 8,700 hectares by 2025, targeting an annual production of 171,000 tons. The exports of cassava and cassava products experienced a decline in February 2021 compared to the previous month and year, but there was a slight increase in the average export price compared to January 2021. The first two months of 2021 saw a significant increase in the exports' volume and value compared to the same period in 2020.

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Original content

Cassava prices in the Central region, the Central Highlands decreased due to the farmers boosted cassava harvest, so the supply of cassava to factories increased and the export price tended to decrease. According to the Department of Agriculture and Rural Development of Yen Bai province, the output of cassava and cassava products exported in 2020 of the province will reach about 7,200 tons, with a value of nearly 3 million USD. Tapioca products exported by enterprises in the province are mainly consumed domestically and exported to China. In addition to tapioca products, there are about 200 establishments producing dried cassava chips, the output in 2020 will reach about 45,000 tons. In the 2021 - 2025 period, Yen Bai province strives to stabilize the cassava acreage at 8,700 ha with an output of 171,000 tons. According to the statistics of the General Department of Vietnam Customs, in February, exports of cassava and cassava products reached 218.77 thousand tons, worth $ 79.87 ...

Source: Vietnambiz