Dried cassava chips for export have grown rapidly

Published 2020년 9월 14일

Tridge summary

From July 2020 to September 2020, Vietnam experienced a significant surge in cassava chip exports, with a volume of 418.38 thousand tons and a value of $ 95.41 million, marking a 101.1% increase in volume and 94% increase in value compared to the same period last year. The majority of these exports, 85.8%, were sent to China, followed by Korea, Indonesia, and Malaysia. The average export price to China was $220.8 per ton, marking a 3.7% increase from the previous year. This surge in exports is attributed to the decreasing cassava chip reserves in China, estimated to be around 50 million tons, and the expected decline in supply due to leaf mosaic disease in cassava-growing areas.

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

Original content

Cassava chip exports reached 418.38 thousand tons, worth $ 95.41 million in the first 7 months of this year, which is information from the General Department of Customs. With the above volume and value, the export of dried cassava chips increased 101.1% in volume and 94% in value over the same period last year. Dried cassava chips are exported to markets such as China, Korea, Indonesia and Malaysia. In which, dry chip cassava exports to China accounted for 85.8% of the total volume of dried chips exported with 359.08 thousand tons, worth $ 79.27 million, an increase of 173.3% in volume and an increase of 183.3 % In terms of value. The average export price of dried cassava chips to China reached 220.8 USD / ton, up 3.7% over the same period in 2019. The Thai Tapioca Trade Association forecasts that the demand for cassava chips will increase due to inventories. China's reserves are decreasing about 200-300 million tons, estimated to be about 50 million tons of ...

Source: Agriculture