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Dec
13
Cassava export turnover increased by over 118% in November 2019
Friday, December 13, 2019


According to information from the Import-Export Department (Ministry of Industry and Trade), in November 2019, the price of cassava raw materials in the country increased slightly compared to the end of October 2019. In Tay Ninh, the price of cassava purchased at the factory fluctuates around 2,650 - 2,780 VND / kg, an increase of 100 VND / kg compared to the end of October 2019. In Kon Tum, the price of cassava purchased at the factory fluctuated around 1,950 - 2,100 VND / kg

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Currently, it has been in the production season of 2019 - 2020, the supply of cassava raw materials has increased sharply, big factories are increasing to run at full capacity, ensuring the purchase of all raw materials in the region. Although demand from the Chinese market has not increased sharply as in the same period of the previous years, but due to insufficient supply of cassava starch, it is expected that prices will not fall further.

According to estimates, in November 2019, exports of cassava and cassava products reached 230 thousand tons, worth US $ 88 million, up 30.7% in volume and up 23.7% in value compared to October / 2019; increased by 6.3% in volume, but decreased by 8.3% in value over the same period in 2018; Average export price decreased by 13.8% over the same period in 2018, to 383 USD / ton. Generally for 11 months of 2019, exports of cassava and cassava products reached 2.13 million tons, worth US $ 834 million, down 3.8% in volume and down 5.3% in value over the same period last year. 2018.

For cassava products, exports in November 2019 were estimated at 26 thousand tons, worth US $ 6.6 million, up 130.3% in volume and 118.9% in value over October 2019; but down 15.9% in volume and down 10.7% in value over the same period in 2018; Average export price increased by 6.3% over the same period in 2018, to USD 250 / ton. By the end of November 2019, cassava exports reached 306 thousand tons, worth US $ 68 million, down 54.1% in volume and 53.8% in value over the same period in 2018.






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