Vietnam: Cassava prices increased in the first days of the year

Cassava

Vegetables

Vietnam

Market & Price Trends

Published Jan 22, 2024

Tridge summary

The price of fresh cassava in the Central and Northern regions of Vietnam has been steadily increasing since the beginning of January, with prices in the North and Central regions up by 300 VND/kg compared to the end of 2023. The shortage of raw cassava, including a ban on imports from Laos, has contributed to the increase in prices, leading to competition among factories in the Central and Northern regions. Cassava starch prices have also increased, with exported cassava starch in Ho Chi Minh City selling for 515-535 USD/ton on January 15, up 15 USD/ton from the end of 2023. Despite a reduction in cassava production, Vietnam remains a leading supplier of cassava and cassava products, with China accounting for the majority of exports.

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

From the beginning of January until now, the price of fresh cassava roots in the Central region and the North has continuously tended to increase. According to the Vietnam Cassava Association, on January 15, the price of fresh cassava in the Northern provinces was at 2,800-2,900 VND/kg. In the Central provinces, the price of fresh cassava purchased at 2,950 -3,100 VND/kg, compared to the end of 2023, the price of fresh cassava purchased in bulk in the North and Central regions has increased by 300 VND/kg. Compared to the same period in 2023, the current price of fresh cassava in the North is 500 - 950 VND/kg higher, in the Central region it is 550 - 600 VND/kg higher. The shortage of raw cassava is an important reason leading to the increase in fresh cassava prices in January. According to the Import-Export Department (Ministry of Industry and Trade), fresh cassava raw materials from Laos have been banned from being brought to Vietnam since the beginning of December. /2023 is ...

Source: Agriculture