In addition to China, a Southeast Asian country suddenly increased its purchases of this type of starch from Vietnam, with purchasing power increasing by 366%.

Published Mar 4, 2024

Tridge summary

Vietnam experienced a significant surge in the export of cassava and its products in January 2024, with a volume increase of 47.3% and value increase of 38.1% compared to December 2023. China was the primary market, accounting for over 94% of total exports. Other markets like Taiwan and Malaysia also increased their imports from Vietnam. Despite a drop in the average export price from December 2023, it was higher than January 2023. The demand for cassava and its products is projected to remain steady, with a slight rise in raw cassava prices expected in mid-February 2024.

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

Original content

According to statistics from the General Department of Vietnam Customs, in January 2024, Vietnam exported 422,850 tons of cassava and cassava products, worth 195.63 million USD, an increase of 47.3% in volume and an increase in cassava. 38.1% in value compared to December 2023; Compared to January 2023, it increased by 79.6% in volume and 112.7% in value. Regarding export prices, in January 2024, the average export price of cassava and cassava products reached 462.7 USD/ton, down 6.2% compared to December 2023, but up 18.5% compared to with January 2023. For cassava products alone, in January 2024, cassava exports reached 76,110 tons, worth 19.98 million USD, a sharp increase of 369.6% in volume and 340.8% in value compared to December 2023. ; Compared to January 2023, it increased by 30.9% in volume and 36.4% in value. The average export price of cassava is at 262.6 USD/ton, down 6.1% compared to December 2023, but up 4.2% compared to January 2023. In January 2024, China is still ...

Source: Danviet