Laos' agricultural exports are expected to exceed $2 billion in 2023

Published 2023년 7월 17일

Tridge summary

Laos has seen a significant increase in the cultivation of cassava due to high demand from neighboring countries like China, Vietnam, and Italy. As a result, many farmers have shifted from growing rice and rubber to growing cassava on a commercial basis. The country's agricultural exports are expected to surpass $2 billion in 2023, and the government is taking steps to support farmers and improve production infrastructure to meet this goal.

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Original content

Source: nhipsong Kinhdoanh.vn According to the Lao press, during the period from May 1 to 5, 2023, the country exported raw cassava, dried cassava and tapioca starch with a total value of over 408 million USD. Minister of Planning and Investment of Laos, Mr. Khamjane Vongphosy said that the main markets of Lao cassava are China, Vietnam and Italy (Italy). Lao media reported that the country has the potential to become a major cassava producer because its economy is still mainly based on agriculture. The cultivation of cassava in Laos in recent years has increased sharply due to increased demand from other countries, especially from neighboring countries of Laos. Currently, a large number of Lao farmers have abandoned rice and rubber cultivation and are now growing cassava on a purely commercial basis. In 2022, the total value of Laos' agricultural exports will reach over 1.73 billion USD and in 2023, the country's agricultural exports are expected to reach over 2 billion USD. ...

Source: AgroInfo.vn