Cassava exports skyrocket

(VOV) - Cassava exports shoot up while exports of many other agricultural products shrink.

Vietnam shipped 3.42 million tonnes of cassava in the first 10 months of this year to get US$1.09 billion, up 22.6% in volume and 19.1% in value against the corresponding period last year.

The Vietnam Cassava Association (VCA) reported that cassava exporters have been encouraged as the Ministry of Finance lowered export duties of cassava slices from 5% to zero on September 4.

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According to the Ministry of Agriculture and Rural Development, China remained the top importer of Vietnamese cassava in the three quarters, accounting for 89.17% of market shares. Meanwhile Japan and Taiwan (China) markets saw the highest growth.

The VCA has coordinated with the Ministry of Science and Technology to develop quality standards for Vietnamese tapioca based on FAO (UN Food and Agriculture Organisation) criteria to enable the product to penetrate demanding markets and avoid dependence on a certain market.