China is still the largest market for Vietnam's cassava starch

According to a report of the Import-Export Department (Ministry of Industry and Trade), China is still the largest import market for cassava and tapioca starch in the world and also the largest market for Vietnam's cassava and cassava products. in the first 7 months of 2023. However, in recent months, China's imports of cassava and tapioca have decreased year-on-year in 2022 due to weak demand, coupled with a sharp depreciation of the renminbi . According to statistics of the General Department of Customs, in the first 7 months of 2023, the export of cassava and cassava products to China reached 1.47 million tons, worth 589.27 million USD, down 15.9% in value. volume and decreased by 23.2% in value over the same period in 2022, accounting for 89.8% in volume and 88.54% in value of the country's total exports of cassava and cassava products. The average export price of cassava and cassava products to China has tended to increase since March 2023 until now and reached a high level ...