Vietnam: Mixed picture in cassava export

Published Nov 7, 2024

Tridge summary

The Chinese market's demand for cassava slices is on a sharp decline, leading to a significant reduction in imports of cassava chips from Thailand, Vietnam, Nigeria, Laos, and Cambodia. This decrease is attributed to a drop in demand and the use of corn by factories. Despite this, the demand for cassava starch in China has been on the rise, with Vietnam becoming the second largest supplier to China, contributing to 38% of China's total cassava starch imports. Thailand remains the largest supplier, accounting for 47% of the imports. The export price of cassava chips and starch has also seen fluctuations, with cassava starch exports experiencing a slowdown since the end of September due to high inventories at Qingdao port.

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

Original content

Iron slices decrease sharply, cassava starch increases The demand for cassava slices in the Chinese market continues to decline. This trend has lasted from 2023 to present. According to the Chinese Customs, in 2023, China imported more than 5.61 million tons of cassava slices, worth 1.55 billion USD, down 21% in volume and 24% in value compared to 2022. Since the beginning of the year, China has continued to sharply reduce its imports of cassava slices. In the first 8 months of 2024, China imported 1.89 million tons of cassava slices, worth 482 million USD, down 60% in volume and 63% in value compared to the same period in 2023. Thailand, Vietnam, Laos, Cambodia and Nigeria are the 5 markets supplying cassava slices to China. China's imports of cassava chips from Thailand, Vietnam and Nigeria continued to decline sharply, while imports from Laos and Cambodia increased compared to the same period in 2023. China's imports of cassava chips decreased sharply due to the decrease in ...

Source: Agriculture