A type of Vietnamese starch is facing fierce competition with products from Laos and Cambodia in China.

Published 2024년 9월 2일

Tridge summary

In July 2024, Vietnam experienced a significant surge in cassava and cassava product exports, with a 54.7% increase in volume and a 54.9% increase in value compared to the previous month, largely due to higher export prices. Despite a slight decrease in overall export volume in the first seven months of 2024, the value increased by 10.6% compared to the same period in 2023. China continues to be the primary market for these exports, receiving 95.3% of the total volume and 94.36% of the total value. The export of cassava starch and dried cassava chips to China has been on the rise, despite a decline in cassava chip imports from other countries due to decreased demand and lower corn prices. This shift indicates a growing demand for cassava starch in the Chinese market, with Vietnam becoming the second-largest supplier behind Thailand.

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

Original content

The Import-Export Department (Ministry of Industry and Trade) said that in July 2024, the export of cassava and cassava products increased again, after many consecutive months of decline. According to statistics from the General Department of Customs, in July 2024, Vietnam exported 218,530 tons of cassava and cassava products, worth 105.67 million USD, up 54.7% in volume and 54.9% in value compared to June 2024. In the first 7 months of 2024, the export of cassava and cassava products reached 1.6 million tons, worth 735.95 million USD, down 2.5% in volume, but up 10.6% in value compared to the same period in 2023, thanks to increased export prices. Regarding export prices, in July 2024, the average export price of cassava and cassava products was at 483.6 USD/ton, up 0.1% compared to June 2024, but still down 2.4% compared to July 2023. In the first 7 months of 2024, the average export price of cassava and cassava products reached 458.6 USD/ton, up 13.4% over the same period in ...

Source: Danviet