W14 Cassava Update: Vietnam’s Exports in Feb-24, Decreased Production in Brazil due to Good Friday Holiday, Increased Yields in Nigeria’s Benue State

Published 2024년 4월 12일

In W14 in the cassava landscape, the cassava processing volume in Brazil decreased by 15% WoW in W12, to p 56.7 thousand mt due to the Good Friday holiday. Vietnam’s cassava exports stood at 217.03 thousand mt in Feb-24, decreased by 50.5% YoY. Furthermore, the BASICS-II project has led to a significant increase in cassava yields for farmers in Benue State, Nigeria, through the adoption of disease-free and high-yielding cassava varieties.

Cassava Exports in Vietnam Decreased by 53.6% YoY in Volume and 45.2% YoY in Value in Feb-24

Vietnam exported 217.03 thousand metric tons (mt) of cassava and cassava products in Feb-24, amounting to USD 96.27 million. This reflects a substantial decrease of 53.6% in volume and 45.2% year-over-year (YoY). The average export price was USD 443.6/mt, which decreased by 4.1% month on month (MoM), but increased by 18.1% YoY. The accumulated exports in the first two months of 2024 dropped by 9.1% YoY in volume, but up 8.9% YoY in value. The decline can be attributed to a traditional Tết holiday.

China remained the primary destination for Vietnam's cassava exports in Feb-24, accounting for 91.6% of total export volume. However, the exports dropped by 50.5% YoY in volume and 53.2% YoY in value. Also, the exports declined by 54.5% in volume and 46.7% in value MoM. The average export price to China stood at USD 433.2/mt, down 5.4% MoM, but up 17% YoY. The accumulated exports to China reached 599.93 thousand mt, with an export value of USD 269.71 million, down 9% in volume but up 8.8% in value over the same period in 2023.

Notably, the accumulated exports to Malaysia grew strongly in both volume and value, reaching 2.25 thousand mt, worth USD 1.2 million USD, up 99.1% in volume and 123.4% in value over the same period in 2023.

Weekly Cassava Processing in Brazil Decreased by 15% WoW Due to the Good Friday Holiday

Starch factories in Brazil processed 56.7 thousand mt of cassava in W12, which is 15% less than the previous week. This decline can be attributed to the Good Friday holiday. However, taking a monthly comparison, the processed volume increased by 7.7% compared to Feb-24. This increase resulted in the quarterly cumulative index surpassing the first quarter of 2023 by 18.3%.

BASICS-II Project Led to Increased Cassava Yields for Farmers in Benue State, Nigeria

Cassava farmers in Benue State, Nigeria, witnessed a remarkable increase in their crop yields due to the Building an Economically Sustainable Integrated Cassava Seed System (BASICS-II) project, spearheaded by the International Institute of Tropical Agriculture (IITA). This project emphasizes the adoption of clean, disease-free, and high-yielding cassava varieties, especially the TME 419, which has shown yields exceeding 20 mt per hectare (ha), a significant improvement over the typical 9 mt/ha. Through collaboration with the Sasakawa Africa Association (SAA), the initiative has fostered the development of Cassava Seed Entrepreneurs (CSEs) in Benue and Nasarawa states.