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Cassava exports fall in volume as value rises

VOV.VN - Exports of cassava and tapioca products are estimated at 200,000 tons with a value of US$92 million in June, bringing the total exports over six months to 1.5 million tons worth US$560 million, down 24.6% in volume but a rise of 12.3% in value, according to the Ministry of Agriculture and Rural Development.

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cassava exports fall in volume as value rises hinh 0
China was the biggest consumer of Vietnamese products in the first five months of the year, buying up 87.2% of the country’s total exports, down 25.2% in volume but up 9.2% in value.

The Agro Processing and Market Development Authority (AgroTrade) says the price of sliced cassava exported to China continued to fall due to a decrease in market demand. At present, the price of cassava at factories in Tay Ninh province have dropped VND300 to VND3,100-3,200 per kilo. Factories in the Central Highlands have ceased operations as the cassava crops have ended.

AgroTrade forecasts a resurgence in the cassava market in the time ahead, as China’s ethanol and chemical plants will carry out a renewed increase of their capacity. However, with the country’s livestock industry facing difficulties, it still has a huge volume of corn in stock and is trying to reduce the stockpile by using it for ethanol production. As a result, the price of sliced cassava exported to China is not likely to see a rise in the second half of this year.

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Vietnamese farmers should take measures to maintain their productivity and output and inform themselves of the demands of domestic and foreign markets, AgroTrade advises.

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