China accelerated purchasing of a type of Vietnamese agricultural product, setting the highest price at 4,350 yuan/ton

Cassava

Vegetables

Published Sep 18, 2023

Tridge summary

Vietnam's export of cassava and cassava products to China has increased after 5 months of decline, with exports reaching 221,270 tons worth $103.26 million in August 2023. China remains Vietnam's largest export market for cassava, accounting for 95.91% of the total exports. However, the supply of cassava is decreasing due to mosaic disease affecting cassava productivity, making it difficult for Vietnam to further increase 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

According to the newsletter of the Import-Export Department (Ministry of Industry and Trade), due to purchasing power from the Chinese market, from the beginning of September 2023 until now, the price of fresh cassava in Tay Ninh continues to increase slightly, while the price of finished starch was also adjusted to increase by 200 VND/kg according to the increase in raw material prices, to an average of 12,500 VND/kg for exported goods and commonly 12,800 VND/kg for domestically sold goods. Notably, a number of cassava starch shipments delivered in Mong Cai and Lang Son were purchased by the Chinese side at the highest price of 4,300-4,350 yuan/ton. The Import-Export Department said that although Vietnam's cassava chip inventory is low, the transaction price is still stable. China's demand for cassava chips is more vibrant as factories prepare supplies for commodity production at the end of the year, but export prices have not increased due to the sharp devaluation of the Yuan ...

Source: Danviet