Cassava production in Vietnam decreased due to the impact of the Covid-19 epidemic

Published 2021년 8월 4일

Tridge summary

The Chinese market's decreased consumption of cassava products is impacting Vietnamese cassava factories, with high inventories and production challenges. Despite these challenges, the global demand for cassava products is recovering, as shown in the second quarter of 2021 when Vietnam's exports reached 618.61 thousand tons, valued at USD 250.04 million. These exports were mainly to Asia, with China being the largest market. Despite the competition from Thailand and Indonesia, Vietnam's market share in China was 14.5% for cassava imports and 14.2% for tapioca starch imports in the first five months of 2021.

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

Original content

In the past few months, the consumption of the Chinese market has tended to decrease, causing many difficulties for Vietnamese cassava factories. Cassava inventories are higher than the annual plan, while the situation of the Covid-19 epidemic in Vietnam and the world is still complicated, causing pressure on factories with average financial potential. The supply of fresh raw cassava in Vietnam decreased, causing the production of cassava starch to continuously decrease, while the market for dried cassava chips in Vietnam remained stable. Some tapioca starch factories in the North have stopped production due to low supply of fresh cassava. Currently, cassava starch factories in Dak Lak have stopped working due to the impact of the Covid-19 epidemic, making it difficult to harvest and transport cassava tubers. The price of tapioca starch in Tay Ninh dropped sharply because both domestic consumption and export were slow due to the impact of the epidemic. Export value is still ...

Source: Vinanet