| China is still the largest export market for cassava and cassava products from Vietnam. Export prices of cassava and cassava products to the Chinese market have decreased again. |
China is still Vietnam's largest cassava export market.
According to statistics from the General Department of Customs, in September 2023, Vietnam exported 262.83 thousand tons of cassava and cassava products, worth 122.89 million USD, up 18.8% in volume and 19% in value compared to August 2023; compared to September 2022, it increased 35.7% in volume and 40.4% in value. Thus, in September 2023, Vietnam's cassava and cassava product exports increased for the second consecutive month.
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| Exports of cassava and cassava products increased for the second consecutive month. |
The average export price in September 2023 was at 467.6 USD/ton, up 0.2% compared to August 2023 and up 3.4% compared to September 2022.
In the first 9 months of 2023, the export of cassava and cassava products reached over 2.13 million tons, worth 891.77 million USD, down 8.4% in volume and 13% in value compared to the same period in 2022.
In September 2023, China remained Vietnam's largest export market for cassava and cassava products, accounting for 96.46% in volume and 95.68% in value of the country's total cassava and cassava product exports, reaching 253.52 thousand tons, worth 117.58 million USD, up 19.5% in volume and 19.9% in value compared to August 2023; Compared to September 2022, it increased by 47.7% in volume and 50.6% in value.
The average export price of cassava and cassava products to China was at 463.8 USD/ton, up 0.4% compared to August 2023 and up 1.9% compared to September 2022.
In the first 9 months of 2023, Vietnam exported 1.94 million tons of cassava and cassava products to China, worth 804.94 million USD, down 8.4% in volume and 14% in value compared to the same period in 2022.
Vietnam's cassava and cassava products export markets in September 2023 and the first 9 months of 2023
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| Source: Calculated from data of Vietnam General Department of Customs |
In the first 9 months of 2023, although the volume of cassava exports decreased, the export of cassava and cassava products to some markets still grew in both volume and value compared to the same period in 2022 such as: Taiwan (China), Malaysia, Japan...
Experts say that the last months of 2023 are the peak consumption season for Chinese food products, which will have a positive impact on the export prospects of cassava and cassava products from Vietnam to this market.
Domestic fresh cassava prices increase slightly
In the domestic market, from the beginning of October 2023 until now, the price of fresh cassava in the Northern provinces has increased slightly, currently the purchase price fluctuates at 1,950 - 2,000 VND/kg.
In the Central provinces, the price of fresh cassava is purchased at 2,300 - 2,400 VND/kg. The price of fresh cassava (30% starch) purchased in Tay Ninh fluctuates at 3,700 - 3,950 VND/kg; in Dak Lak, the price fluctuates at 3,400 - 3,700 VND/kg; in Gia Lai, it fluctuates at 3,600 - 4,000 VND/kg.
According to the Vietnam Cassava Association, domestic and export cassava chips are not traded much and prices have decreased due to very low corn prices.
According to forecasts, the supply of cassava chips in the next crop will be more abundant than in the 2022/23 crop, while demand from the Chinese market is not high.
Currently, Vietnamese factories are offering cassava starch at a price of about 545 - 560 USD/ton FOB Ho Chi Minh City port due to lack of raw materials and quite high prices.
The price of cassava starch delivered to Mong Cai and Lang Son fluctuates at 4,300 - 4,500 CNY/ton. The export price of iron slices to the Chinese market is about 285 USD/ton FOB Quy Nhon; while the export price to the Korean market is about 325 USD/ton FOB Quy Nhon.
In Quang Binh, in 2023, the whole province planted more than 6,587 hectares of cassava, but the yield and output are expected to decrease compared to the previous crop due to cassava mosaic disease. To date, the whole province has 2,097 hectares of cassava affected by cassava mosaic disease, of which Bo Trach district has 2,000 hectares, Le Thuy 40 hectares, Tuyen Hoa 30 hectares, Quang Trach 20 hectares, Minh Hoa 7 hectares. Currently, the 2023 cassava crop is preparing to be harvested.
In Quang Nam, according to the Department of Agriculture and Rural Development, in 2023, the province's cassava growing area reached 8,486 hectares, a decrease of 564 hectares compared to 2022. Statistics show that in the first 9 months of 2023, Quang Nam province's cassava output reached 148,500 tons, a decrease of 8,600 tons compared to the same period last year.
The reason for the decrease is unfavorable weather, especially recently, the whole province had 874 hectares of cassava affected by mosaic disease. The average infection rate is 20 - 40%, in high places it is 50 - 70%, locally many cassava areas have a rate of 100% of plants infected.
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