Find out, what kind of agricultural products are suddenly China accelerated purchasing and export volume increased 97%

Published 2021년 2월 7일

Tridge summary

Vietnam saw a significant increase in cassava and cassava product exports in January 2021, with a estimated 400,000 tons exported valued at $144 million, marking an 88.1% increase in volume and 97.1% increase in value compared to the same period in 2020. The total exports for 2020 reached 2.76 million tons and $989 million, with China being the primary market. Despite this growth, domestic market prices for cassava and cassava products saw a slight decrease in January 2021. The export of cassava chips to China is anticipated to continue to grow due to high alcohol consumption during the Tet holiday.

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

Original content

According to the Department of Agro-Processing and Market Development (Ministry of Agriculture and Rural Development), the volume of exports of cassava and cassava products in January 2021 is estimated at 400,000 tons with a value of US $ 144 million, up 88.1% on volume and increased 97.1% in value over the same period in 2020. In 2020, exports of cassava and cassava products reached 2.76 million tons and 989 million USD, up 9% in volume and up 2 , 4% in value compared to 2019. The average export price of cassava and cassava products in 2020 is estimated at US $ 358.3 / ton, down 6% over the same period last year. In 2020, China is the main import market, accounting for 91.8% of the market share, up 12.9% in volume and 6.2% in value compared to 2019. Taiwan, Malaysia are also 2 markets. Vietnam has a strong growth in imports of cassava and cassava products in the first 11 months of 2020, with the growth in export value of 15% and 3% respectively over the same period last year. ...

Source: Danviet