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

Cassava
Vietnam
COVID-19
Price
Demand
Updated Aug 4, 2021
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 high According to calculations from statistics of the General Department of Customs, in the second quarter of 2021, Vietnam's exports of cassava and cassava products reached 618.61 thousand tons, worth USD 250.04 million, up 1.2 million USD. % in volume and 17.2% in value over the same period in 2020. Vietnam's exports of cassava and cassava products in ...
Source

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