FIRST 5 MONTHS OF 2023 THE EXPORT OF CASSAVA AND PRODUCTS TO JAPANESE UP 1.285%
In May 2023, the average export price of cassava and cassava products was at 415.8 USD/ton, up 3.8% compared to April 2023, but down 5.1% compared to May 2022.
In the first 5 months of 2023, although the total export volume decreased, but the export of cassava and cassava products to a market still grew strongly in both volume and value compared to the same period in 2022, which is remarkable I mean markets such as Japan, Malaysia, Taiwan market…
In which, exports to the Japanese market reached 2.39,000 tons, worth 1.22 million USD, up to 1,285 percent in volume and 947.4% in value over the same period in 2022.
In May 2023, China is still the largest export market for Vietnam’s cassava and cassava products, accounting for 88.67% of the country’s total cassava exports. Accumulated in the first 5 months of 2023, Vietnam exported to China 1.22 million tons of cassava and cassava products, worth $467.62 million, down 8% in volume and 18.8% in value over the same period in 2022.
According to the statistics of the Chinese Customs, Vietnam is the second largest supplier of cassava chips to China in the first 4 months of 2023, Vietnam’s market of cassava chips accounts for 12.55% of the total volume of import volume of China’s cassava chips, higher than 10.71% in the first 4 months of 2022.
Vietnam is the second largest market supplying cassava starch to China. Vietnam’s tapioca starch market share in China’s total imports accounted for 36.11%, lower than 36.15% in the first four months of 2022.
In the domestic market, the price of fresh cassava roots in Tay Ninh is about 1,000-1,200 VND/kg higher than in the same period last year. This year, with prolonged hot weather, the ability of cassava production in the 2023/24 crop of the Northern mountainous region and the North Central region will decrease significantly compared to the previous year. At processing plants, the inventory of cassava raw materials is low, so the selling price is high.
Inventories of cassava starch in China are low, FOB Bangkok Thailand prices are high, so Chinese customers also accept to buy at quite high prices, even in the hot season. Chinese customers ask to buy more cassava starch in Tay Ninh, the price fluctuates around 520 USD/ton (FOB price).
