Global Food

 
Vietnam's "Customs Online" reported on September 8 that the Agricultural Processing and Market Development Bureau of the Ministry of Agriculture and Rural Development stated that in July 2020, Vietnam's cassava starch exports to China will resume growth. The export volume reached 164,000 tons and the total export value was 64 million U.S. dollars, an increase of 73% and 71% respectively from the previous month.

From the beginning of this year to the end of August, the export volume of cassava and cassava products reached 1.78 million tons, with a total export value of 619 million US dollars, an increase of 15.6% and 3.5% respectively.

In the first eight months of 2020, the average export price of cassava and cassava products was US$347.4/ton, a year-on-year decrease of 10.4%.

In the first seven months of this year, China is still the main export market. Specifically, in the first seven months, the total export volume of cassava and cassava products to China reached 1.44 million tons, with an export value of 496 million US dollars, an increase of 18.8% and 4.8% respectively year-on-year.

The Agricultural Processing and Market Development Bureau stated that since the end of June 2020, China's purchase demand for tapioca starch in Lang Son and Mong Cai (Quang Ninh) has increased significantly. The export price of cassava starch remained at a high level of US$390/ton, which was due to the increase in raw material prices and the shortage of inventory due to the peak harvest season.

At the same time, in July this year, the export of dried cassava chips to China dropped sharply to only 27,000 tons and USD 5.8 million, down 42% and 46% respectively from the previous month. It is the low level since the end of 2019.

The average export price of cassava chips in July was US$214/ton, a decrease of 7% from the previous month, but a year-on-year increase of 8%. At present, China's export demand for dried cassava chips at the northern border port of Vietnam has increased sharply, but the Vietnamese supply has run out.

It is predicted that in the short term, the export prices of cassava dried flakes and cassava starch will continue to remain high. The reason is that some cassava growing areas are affected by the 2020/2021 new season output due to the infection of mosaic disease, which will reduce the supply of goods.

---

Please note: This article is translated based on Google web translation software, if there is an error, please contact us as soon as possible to correct.

Business Division of Food Safety and Regulatory Compliance of Global Foodmate provides food standards & regulations research, labelling compliance consulting/Chinese label design, industry public opinion monitoring and analysis, registration services (of Infant formula, FSMP, Health food, Novel Food Ingredients, Novel Food Additives, New Varieties of Food-Related Products and Overseas manufacturers of imported food) and other comprehensive food safety solutions for domestic and overseas enterprises and institutions in food industry. 

Please feel free to contact us: +86 10 68869850, E-mail: global_info@foodmate.net