China evaluates that a Vietnamese starch is inferior to a Thai product in two factors

Published Jul 2, 2024

Tridge summary

In May 2024, Vietnam experienced a significant decrease in cassava and cassava product exports to China, with volumes and values reaching their lowest in three years. Despite this decline, China remains Vietnam's largest market for these products, accounting for 91.37% of the total volume and 90.56% of the total value in the first five months of 2024. The exported products include mainly cassava starch and dried cassava chips. This decrease is attributed to the lower demand for cassava starch in China due to the lower price of corn flour and the hot season's reduced demand. Meanwhile, the domestic price of fresh cassava in Vietnam remained stable during mid-June 2024, and the export prices for iron slices, cassava starch, and cassava starch to China and Korea also remained stable in the last 10 days.

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

Original content

A report from the Import-Export Department (Ministry of Industry and Trade) shows that in May 2024, the amount of cassava and cassava products exported to China from Vietnam reached the lowest in the past 3 years. According to statistics from the General Department of Vietnam Customs, in May 2024, exports of cassava and cassava products to China reached 83,030 tons, worth 38.55 million USD, down 49.9% in volume. and decreased 45.8% in value in April 2024; Compared to May 2023, it decreased by 51.4% in volume and 45.2% in value. In the first 5 months of 2024, China is still Vietnam's largest export market for cassava and cassava products, accounting for 91.37% in volume and 90.56% in value of cassava and cassava products exports. The country's cassava products, with 1.13 million tons, worth 509.03 million USD, down 7% in volume, but up 8.9% in value over the same period in 2023. Regarding export prices, in May 2024, the average export price of cassava and cassava products to China ...

Source: Danviet