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China buys up to 95% of cassava from both Vietnam and Thailand for what?

Trung Quốc mua đến 95% một loại nông sản của cả Việt Nam, Thái Lan để làm gì?
This news article has been translated to English.
Cassava Starch
China
Price Trend
Cassava
Vietnam
Demand
Jun 22, 2022
From Danviet
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In recent months, the export of cassava starch has tended to increase again due to high demand from China, while the export of cassava chips has decreased. It is forecasted that in the coming months, cassava starch exports will continue to increase thanks to China's still high demand. China increased purchases of cassava and cassava products mainly for the animal feed processing industry.
According to statistics from the General Department of Customs, in the first four months of 2022, Vietnam exported nearly 800,840 tons of tapioca starch, worth US$403.64 million, up 15.7% in volume and 27.2 percent in volume. % in value over the same period in 2021, mainly exported to China, Indonesia, the Philippines, and South Korea. In which, China is still the largest consumer market of Vietnam's tapioca starch, accounting for 94.7% of the country's total export of cassava starch with 758,170 tons, worth $380.5 million, an increase of 15 percent. 5% in volume and 26.8% in value over the same period in 2021. In the first four months of 2022, Vietnam also exported 407,180 tons of dried cassava chips, worth $117.39 million, down 19.5% in volume and 9.2% in value over the same period in 2021. Dried cassava chips are exported to China, Korea and Malaysia. In which, China is still the largest market for Vietnam's dried cassava chips, accounting for 85.8% of the country's total ...
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