China accelerated purchasing, the price of a type of Vietnamese starch increased, businesses rushed to pay orders

Published 2023년 9월 25일

Tridge summary

Due to increased demand from the Chinese market, the price of cassava starch exports has risen, leading businesses to prioritize fulfilling previous contracts. However, cassava leaf mosaic disease continues to threaten raw material areas, with a high rate of infection in some regions. Despite being Vietnam's largest export market for cassava, exports to China have decreased in volume and value, with a decline in the average export price. The Taiwanese market also imports cassava and cassava products from Vietnam, but the demand remains low and competition from other countries limits the potential for strong export growth.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to a report by the Import-Export Department (Ministry of Industry and Trade), due to increased demand from the Chinese market, the price of cassava starch exported across the border has increased, so many businesses temporarily only return goods to previously signed contracts. . Meanwhile, many large cassava starch factories are back in operation, causing the price of fresh cassava in the Central region and Central Highlands to continue to increase. The purchasing price of fresh cassava in Gia Lai was pushed up to 4,000 VND/kg. Although cassava prices have increased in localities, the cassava leaf mosaic disease is still complicated, threatening many raw material areas. In Quang Nam province, recently, a series of cassava areas in the province were damaged by leaf mosaic disease, many of which were quite seriously infected. In 2023, farmers in the province will produce a total of 5,656 hectares of cassava of all kinds. However, from the beginning of the season until now, ...
Source: Danviet

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