China bought 212 thousand tons of cassava; Vietnam's exports increased sharply

Cassava

Vegetables

China

Vietnam

Published Sep 20, 2023

Tridge summary

In August 2023, Vietnam's exports of cassava and cassava products increased by 52.4% in volume and 43.7% in value compared to July 2023. China accounted for nearly 96% of these exports. However, the average export price of cassava products decreased. Despite the positive growth in exports to some markets such as Taiwan, Malaysia, and Japan, the overall supply of cassava is expected to decrease due to mosaic disease affecting productivity.

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

Statistics from the General Department of Customs show that last August, our country exported 221.3 thousand tons of cassava and cassava products, reaching 103.26 million USD, a sharp increase of 52.4% in volume and an increase of 43%. .7% in value compared to July 2023. Compared to August 2022, exports of this product increased by 7% in volume and 6.6% in value. Notably, this is the first month that Vietnam's cassava and cassava product exports recorded positive growth after 5 consecutive months of decline. The main reason is that the largest customer, China, is aggressively purchasing, accounting for nearly 96% of our country's total cassava exports in August. Specifically, in August, China spent 98.04 million USD to buy 212.23 thousand tons of cassava and cassava products from Vietnam, an increase of 56.1% in volume and 47.2% in value compared to the previous month. with July 2023; Compared to August 2022, it increased by 9.6% in volume and 7.9% in value. However, the average ...

Source: Vietstock