China buys 95% of cassava and tapioca starch from Vietnam to produce gasoline and mix it into animal feed

Fresh Cassava

Vegetables

Published Feb 28, 2023

Tridge summary

In 2023, it is forecast that the demand to buy cassava and tapioca starch from Chinese importers will still increase, which is an opportunity for Vietnamese cassava processing enterprises to accelerate exports.

Original content

According to a report by the Import-Export Department (Ministry of Industry and Trade), due to the purchasing power of the Chinese market, the price of fresh cassava in the North, Central and Central Highlands continued to increase slightly. Tapioca starch prices in the three regions increased in the context of high raw material prices. Meanwhile, the Vietnam Cassava Association currently reports that the source of raw materials has decreased due to the lower quality of fresh cassava roots compared to the same period of the 2021/22 cassava crop. Factories focus on running machines after Tet holiday, pushing up raw material purchasing prices. Currently, the price of fresh cassava purchased in Tay Ninh is at 3,400-3,500 VND/kg, an increase of 250-300 VND/kg compared to 10 days ago. In Dak Lak, the price of cassava is at 2,800-2,850 VND/kg, up 100 VND/kg. In Gia Lai, the price of cassava is at 2,950-3,100 VND/kg, up 150-250 VND/kg. In the North, the price of fresh cassava was at ...

Source: Danviet