With just one move by China, the price of these two agricultural products of Vietnam suddenly dropped

Published 2021년 11월 16일

Tridge summary

China has tightened control measures at its border, leading to a decrease in imports of cassava and cassava products from Vietnam, despite Vietnam being its main supplier. The 'Zero Covid' policy has resulted in slow delivery progress and reduced demand for tapioca starch. Additionally, China's rubber demand has also decreased in recent months due to the semiconductor chip shortage and power supply crisis, impacting the tire industry. Despite these challenges, Vietnam's exports of rubber to China have seen an increase in both volume and value compared to the same period in 2020.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

After accelerating the collection of huge quantities from the beginning of 2021, recently, China strengthened control measures delivered goods at the border gate, so it exports cassava and cassava products from Vietnam to this market. mitigation. According to the report of the Import-Export Department, with the "Zero Covid" policy, the Chinese side strictly controls the delivery of goods through the border gate, making the delivery progress very slow. Factories in China are still in low production capacity even though they are in the main season, so the demand to buy tapioca starch from Vietnam has decreased much compared to the same period in previous years. The asking price of Vietnam's dried cassava chips to China is about 275 USD/ton FOB Quy Nhon. However, in the first 9 months of the year, China is still the most important market export of cassava and cassava products of Vietnam. According to statistics from the General Department of Customs, in the first nine months of ...
Source: Danviet

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