News

Cassava exports to China are favorable, prices increase

Cassava
Vegetables
China
Vietnam
Published Feb 8, 2023

Tridge summary

According to the Import and Export Department (Ministry of Industry and Trade), the amount of cassava starch traded has had a positive signal because Chinese customers have a need to buy for production after the Government of this country abandoned the Zero Covid policy. The volume of cassava starch traded through border gates with China increased due to faster import procedures on the Chinese side. The Vietnam Cassava Association said that the asking price of cassava starch for export of Vietnamese factories is currently at 455-485 USD/ton (FOB, HCMC port), an increase of 30 USD/ton compared to the end of December. 2022. The price of cassava chips exported to Korea is at 330 USD/ton (FOB, Quy Nhon port), an increase of 40 USD/ton compared to the end of December 2022. Also at Quy Nhon port, the price of cassava chips exported to China is currently at 280 USD/ton, up 30-40 USD/ton compared to the end of last year. Due to the increase in export prices of cassava, while the source of raw materials decreased due to cassava leaf mosaic disease, the domestic price of cassava raw materials is also increasing compared to the end of December 2022.

Original content

In Tay Ninh, the price of raw cassava (30% flour storage) is currently at 3,150-3,250 VND/kg, up 350-450 VND/kg; in Gia Lai, the price of raw cassava from 2,650-2,700 VND/kg, up 50 VND/kg; In the Central region, the price of raw cassava is from 2,400-2,500 VND/kg, an increase of 50 VND/kg… In 2022, the export of cassava and ...
Source: Agriculture

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