(VAN) Currently, China is Vietnam’s largest consumption market, purchasing more than 91% of Vietnam’s exported cassava and cassava products.
Cassava and cassava products are one of nine agricultural product groups with an export turnover of over 1 billion USD.
According to statistics from the General Department of Vietnam Customs, by the end of November 2024, Vietnam had exported more than 2.3 million tons of cassava and all kinds of cassava products, earning more than 1 billion USD. The average export price of cassava and cassava products in the 11 months of 2024 is estimated to reach approximately 450 USD/ton, up 3.1% over the same period in 2023.
Currently, China is Vietnam’s largest consumption market, purchasing more than 91% of Vietnam’s exported cassava and cassava products.
According to the Vietnam Cassava Association, cassava is now in the harvest season, so more cassava output is delivered to factories. Some factories in the Central region and Central Highlands have lowered the purchasing price of this raw tuber.
Since the beginning of November, the purchasing price of raw cassava tubers in some provinces in the Central region and Central Highlands has fluctuated at 1,900–2,300 VND/kg, down 100–300 VND/kg compared to the end of October. The purchasing price of fresh cassava in the Northern region has been at around 2,000–2,050 VND/kg.
The Vietnam Cassava Association also said that although cassava starch inventories at Chinese ports have decreased, with a total inventory estimated at about 170,000 tons, Chinese shippers still purchase cautiously. The reason is partly because they want to wait for supplies of new crops from Southeast Asian countries.
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