Tridge summary
In the first two months of 2023, Vietnam witnessed a significant growth in its cassava and cassava product exports, with a total of 660 thousand tons exported earning over $248 million, marking a 37.1% increase in volume and a 23.4% increase in value compared to the same period in 2022. China was the primary market for these exports, accounting for 93.8% of the total, benefiting from China's lifted quarantine measures post-COVID-19. The exports mainly consisted of tapioca starch and dried cassava chips. Due to global inflation and the impact of the Ukraine conflict on corn and wheat supplies, the demand for cassava is expected to surge worldwide. China's demand for cassava and tapioca starch is anticipated to persist, providing a valuable opportunity for Vietnamese businesses to boost their exports to this market. Additionally, the Vietnam Cassava Association reported high prices for fresh cassava in the Central and Central Highlands due to scarce supply, alongside plans by factories to increase operational capacity.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
Information from the Import-Export Department (Ministry of Industry and Trade), in the first two months of the year, Vietnam exported about 660 thousand tons of cassava and cassava products, worth more than $248 million, up 37.1% in volume and 23.4% in value over the same period in 2022. Exports of cassava and cassava products to the Chinese market accounted for 93.8% of the country's total export of cassava and cassava products. water in the first two months of 2023. China increased its purchases of cassava and cassava products from Vietnam in the first two months of 2023, after the country lifted its Covid-19 quarantine measures. The types of cassava and cassava products from Vietnam exported to the Chinese market are still mainly tapioca starch and dried cassava chips. According to the Import-Export Department, in 2023, in the context of rising global inflation, China will be the most potential destination for Vietnam's cassava and cassava products thanks to its high demand, ...
Source: Haiquanonline
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