China consumes nearly 91% of Vietnam's cassava exports

Published 2020년 12월 22일

Tridge summary

Vietnam's cassava and cassava product exports experienced a 10.2% increase in volume and a 2.3% increase in value from January to November 2020 compared to the previous year, totaling 2.44 million tons and 874 million USD. China is the primary market, accounting for 90.8% of the share. The average export price per ton was 353.8 USD, a 9.3% decrease from the previous year. The demand for cassava chips, used in animal feed and ethanol, has surged in China, reaching a nearly $1 billion export value. However, the market faces potential supply issues due to heavy flood rains in Vietnam and Cambodia, affecting the 2020-2021 crop, and the market is expected to remain active due to continuing high demand.

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

Original content

According to the Agro Processing and Market Development Department, the export volume of cassava and cassava products in November was estimated at 286 thousand tons with a value of US $ 109 million, bringing the volume and value of cassava exports and other products from cassava in the first 11 months of 2020 were estimated at 2.44 million tons and 874 million USD, up 10.2% in volume and 2.3% in value over the same period in 2019. Export prices of cassava and Cassava products on average 10 months of 2020 is estimated at 353.8 USD / ton, down 9.3% over the same period last year. China is the main export market in the first 10 months of 2020 when accounting for 90.8% of the market share of Vietnam's cassava and cassava products. Specifically, the total export volume of cassava and cassava products to China in the first 10 months of 2020 reached 1.95 million tons, equivalent to 695 million USD, up 15.1% in volume and 3.9% in value over the same period in 2019. Taiwan, Malaysia are ...

Source: Vietnambiz