March 2, 2021 | 07:50 GMT +7

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Thursday- 11:48, 18/02/2021

Cassava export surges as China increased purchasing

Cassava exports in the first month of the year grew very strongly, with both volume and value being more than two times the same period in 2020, mainly thanks to changes in the Chinese market.
Cassava exports increased sharply in the first month of 2021. Photo: TL.

Cassava exports increased sharply in the first month of 2021. Photo: TL.

According to the General Department of Customs, exports of cassava and cassava products in January 2021 were estimated at 472,805 tons, equivalent to US$ 174.62 million, increasing 122.9% in volume and 139.7% in turnover compared to January 2020.

Regarding kinds of product, cassava chips export was estimated at 168,864 tons, equivalent to US$ 40.89 million, a sharp increase of 228% in volume, 364% in turnover compared to January 2020.

China remains a large market for Vietnam's cassava exports, accounting for nearly 96% of the country's total export volume and value of this commodity group in January. In particular, cassava export volume and value to China in the first month of the year increased very strongly, reaching 453,456 tons, equivalent to US$ 166.56 million, up 127.7% in volume and 146.5% in value compared to January 2020.

Compared to December 2020, cassava exports to China in January increased 22% in both volume and value. This shows that China is still promoting the purchase of Vietnamese cassava, resulting in the increase in cassava export in the first month of the year.

In addition to the Chinese market, cassava and cassava products exported to other few markets in January reached over US$ 1 million: Korea 9,279 tons, equivalent to US$ 3.08 million; Taiwan 5,491 tons, equivalent to US$ 2.51 million.

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