China and Japan rushed to buy cassava starch from Vietnam

Published 2023년 6월 22일

Tridge summary

In May 2023, Vietnam experienced a slight increase in the export of cassava and cassava products, with a total of 192,910 tons valued at $80.22 million, despite a consistent monthly decline since May 2022. China continues to be the primary market, accounting for 88.67% of exports. Meanwhile, exports to Japan, Malaysia, and Taiwan have seen significant growth despite a overall volume and value decrease compared to the same period in 2022. The demand in the Chinese and Japanese markets is contributing to higher prices for fresh cassava roots in Vietnam. Despite hot weather conditions potentially impacting cassava production, the demand for cassava chips and starch in China remains high, with Thailand being the largest supplier.

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

Original content

According to statistics from the General Department of Customs, in May 2023, Vietnam exported 192,910 tons of cassava and cassava products, worth US$80.22 million, up 1.6% in volume and 5.2% in volume. 5% in value compared to April 2023, but compared to May 2022, down 25.7% in volume and 29.5% in value, this is the 3rd consecutive month of decrease compared to the same period in 2022. . The average export price of cassava and cassava products was at $415.8/ton, up 3.8% compared to April 2023, but down 5.1% compared to May 2022. Accumulated in the first 5 months of 2023, the export of cassava and cassava products reached 1.36 million tons, worth $528.56 million, down 6.1% in volume and 15.9% in value compared to same period in 2022. In May 2023, China is still the largest export market for Vietnam's cassava and cassava products, accounting for 88.67% of the country's total cassava exports with 171,060 tons, worth 70.63 million USD, up 1.7% in volume and 7.1% in value in April 2023, ...

Source: Danviet