China spent nearly 400 million USD to buy over 1 million tons of cassava from Vietnam

Published 2023년 5월 19일

Tridge summary

In April 2023, Vietnam experienced a decline in its cassava and cassava product exports, with a decrease of 19.5% in volume and 27.4% in value compared to April 2022. Despite this, the average export price increased by 4.6% compared to March 2023. From January to April 2023, there was a total export of 1.16 million tons, earning US$445.81 million, marking a decrease in volume but an increase in value compared to the same period in the previous year. China remains a significant market, but other markets have shown strong growth. The demand for cassava is expected to rise due to its use in ethanol production, as developed countries shift towards clean energy. The Vietnam Cassava Association reports fluctuating local cassava prices and an increase in cassava starch export prices.
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 April 2023, our country exported 189.82 thousand tons of cassava and cassava products, worth US$76.03 million, down 19.5% in volume and down. 27.4% in value compared to April 2022. The average export price of cassava and cassava products was at $400.6/ton, up 4.6% compared to March 2023, but down 9.9% over the same period in 2022. By the end of April this year, the export of this group of products reached 1.16 million tons, earning US$445.81 million, down 2.4% in volume and 13.5% in value over the same period last year. last. In the first four months of this year, although China reduced imports, it was still a big customer of Vietnam's cassava and cassava products for export. This market spent nearly 397.4 million USD to buy 1.05 million tons of goods from our country. In contrast to China, exports of cassava and cassava products to other markets grew strongly in both volume and value over the same period last ...
Source: Vietstock

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