China spent nearly 1 billion USD to buy 2 million tons of a Vietnamese cassava product mainly used as animal feed

Published 2023년 12월 3일

Tridge summary

Cassava exports to China remain favorable, keeping fresh cassava prices stable in Northern provinces, while Central provinces and Kon Tum see a slight decrease in prices. The prices of cassava starch and cassava chips for export have also decreased slightly. China continues to be Vietnam's largest export market for cassava products, while Vietnam's cassava export market share in other markets remains low.

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

Original content

According to the Vietnam Cassava Association, in the 10 days of mid-November 2023, cassava exports to China are still favorable, making fresh cassava prices in the Northern provinces stable compared to the previous 10 days. Currently, purchasing prices fluctuate in 2,400-2,450 VND/kg. In the Central provinces, the price of fresh cassava was purchased at 2,400-2,550 VND/kg, down 50 VND/kg compared to the previous 10 days. The price of fresh cassava purchased in Kon Tum fluctuated at 2,800-3,100 VND/kg, down 100 VND/kg compared to the previous 10 days. The price of cassava starch and cassava chips for export also decreased slightly compared to the previous 10 days. Currently, Vietnamese factories are offering cassava starch at prices ranging from 535-545 USD/ton, FOB Ho Chi Minh City port, down 5 USD/ton compared to 10 days ago. The price of cassava starch delivered in Mong Cai and Lang Son fluctuated at 4,050-4,300 CNY/ton, down 50 CNY/ton compared to the previous 10 days. ...

Source: Danviet