News

Cambodia is speeding up the harvest of cassava sold to Vietnam for processing and exporting to China

Cassava Starch
Vegetables
Published Aug 14, 2023

Tridge summary

The price of fresh cassava tubers and cassava starch in Tay Ninh, Vietnam has decreased due to a decline in raw material prices. Weak domestic consumption of cassava chips has led to a predominantly export-focused market. Vietnam's cassava starch exports in 2023 are expected to significantly decrease compared to 2022, and Cambodia is accelerating cassava harvesting to sell to Vietnam, potentially causing a decrease in later-season cassava production.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

According to a report by the Import-Export Department (Ministry of Industry and Trade), from the beginning of August 2023 until now, the price of fresh cassava tubers in Tay Ninh decreased slightly, the price of cassava starch also decreased according to the decrease in raw material prices due to cassava exports. decline. Due to weak domestic consumption of cassava chips, inventories are mainly offered for export. As of early August 2023, there are only a few tapioca starch factories in the Central Highlands running again, but the supply of cassava is not much due to the young cassava roots. "With the new cassava crop coming in late and the supply of cassava materials declining, Vietnam's cassava starch exports in 2023 may only reach about 1.8 million tons, a sharp decrease compared to 2.4 million tons. of 2022", said the Import-Export Department. Meanwhile, Cambodia is accelerating the progress of cassava harvesting at the beginning of the season to sell to Vietnam due to the ...
Source: Danviet

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