Vietnam's cassava exports increased by nearly 400% in early 2024
Cassava
Vegetables
Vietnam
Market & Price Trends
Published Feb 24, 2024
Tridge summary
Vietnam's cassava exports hit a new record in January 2024, with a volume of 76,000 tons and a value of over US$19.9 million, marking a month-on-month increase of 369.6% and a year-on-year increase of 30.9%. China is the largest importer, accounting for 94% of the market share. The Vietnam Cassava Association aims to reach a cassava export value of 2 billion U.S. dollars by 2028 and 2.5 billion U.S. dollars by 2050.
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
According to preliminary statistics from the General Administration of Vietnam Customs, cassava export growth hit a new record in January 2024. Specifically, in January this year, cassava export volume reached 76,000 tons, a month-on-month increase of 369.6% and a year-on-year increase of 30.9%; the export volume exceeded US$19.9 million, an increase of 340.8% month-on-month and 36.4% year-on-year, making cassava the strongest growing product in January 2024. The average export price of cassava was US$262 per ton, a month-on-month decrease of US$15. The cumulative export earnings of cassava and cassava products exceeded US$195 million, a month-on-month increase of 38.1%. China continues to maintain Vietnam's status as the largest cassava importer. In January 2024, Vietnam exported 40.19 tons of cassava to China, earning more than 18,300 US dollars in foreign exchange. The export volume and export value increased by 48% and 38% respectively from the previous month. China's ...
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