Food prices increased "shockingly", China bought 95% of cassava from Vietnam to mix, and bought 1.1 million tons more from Thailand

Published 2021년 7월 15일

Tridge summary

The price of finished starch in Tay Ninh, Vietnam has remained stable due to a decrease in China's purchases and domestic demand caused by the Covid-19 epidemic. The outbreak of the epidemic has also limited cassava imports from Cambodia to Vietnam. Despite the spread of cassava disease in farming areas, the yield remains high. From January to May 2021, cassava starch exports reached 836,460 tons, worth $385.01 million, a decrease in volume but increase in value compared to the previous year. China is the largest market for Vietnam's cassava starch, but China has recently reduced imports of cassava starch from Vietnam while increasing imports from Thailand, despite the higher import price of Thai starch.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to the survey, from the beginning of July 2021 until now, because China tends to reduce purchases, the price of finished starch in Tay Ninh has not changed much, while domestic demand has decreased due to the Covid-19 epidemic. a strong outbreak in the southern provinces made transportation difficult and factories bought in moderation. The outbreak of the Covid-19 epidemic caused a limited amount of cassava imported from Cambodia to Vietnam. While the price of raw cassava has not changed much, the Tay Ninh cassava growers are having a headache because of cassava disease. According to the Statistics Office of Tay Ninh province, as of June 2021, the cassava area in the province infected with leaf mosaic disease is 34,745 hectares. However, most of the cassava area was only mildly infected with the disease, so the tuber yield remained at a high level. This year's cassava crop, Tay Ninh province planted more than 39,330 ha; tuber yield is 18-25 tons/ha. In Thanh Hoa, cassava ...
Source: Danviet

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