News

China spent 1.3 billion USD to buy a type of starch, Vietnam supplied 800,000 tons

Cassava Starch
China
Vietnam
Market & Price Trends
Published Dec 20, 2023

Tridge summary

In October 2023, China imported 308,000 tons of cassava starch worth 169.14 million USD, an increase of 10.8% in volume and 19.4% in value compared to the previous year. China spent a total of 1.28 billion USD importing 2.54 million tons of cassava starch in the first 10 months of 2023, with Vietnam being the second largest supplier to China, but experiencing a decrease in volume and value compared to the previous year. Despite the increase in demand from Chinese customers, the selling price of cassava starch in some ASEAN countries remains more competitive than in Vietnam.
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

Not only buying cassava chips, according to statistics from the Chinese Customs Authority, in October 2023, this country imported 308,000 tons of cassava starch, with a value of 169.14 million USD, an increase of 10.8 million USD. % in volume and an increase of 19.4% in value compared to October 2022. Accumulated in the first 10 months of 2023, China spent 1.28 billion USD to import 2.54 million tons of cassava starch. Compared to the same period last year, imported cassava starch decreased by 26.8% in volume and 29.2% in value. The main countries supplying cassava starch to China include: Thailand, Vietnam, Laos, Cambodia, and Indonesia. However, China tends to reduce imports of cassava starch from Vietnam, Thailand and Cambodia, and increase imports from Laos and Indonesia. However, in the first 10 months of 2023, Vietnam is still the second largest market supplying cassava starch to China, with 796,000 tons, value reaching 386.03 million USD, down 39.2% in volume and down 42%. ...
Source: Vietstock

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