Vietnam's exports of cassava, by products surge since January

HANOI, Feb 23 (Bernama): Exports of cassava and its by-products are reported to have increased significantly since the beginning of this year, according to the Ministry of Agriculture and Rural Development of Vietnam.

As of the end of January, exports hit 472,805 tonnes, raking in US$174.62 million, up 122.9 per cent in volume and 139.7 per cent in value against January last year, Vietnam news agency (VNA) reported.

Export prices averaged US$369.3 per tonne, a year-on-year rise of 7.6 per cent.

China held the lion’s share during the period, with 96 per cent of volume and value.

Vietnam shipped 453,456 tonnes to its northern neighbour and earned US$166.56 million, increases of 127.7 per cent and 146.5 per cent, respectively.

Other markets bringing in more than US$1 million in export value in January included South Korea, with 9,279 tonnes, and Taiwan with 5,491 tonnes.

Exports last year reached 2.76 million tonnes, earning US$989 million, an increase of 9 per cent in volume and 2.4 per cent in value compared to 2019. The average export price, however, fell 6 per cent to US$358.3 per tonne year-on-year. - Bernama

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Export , Vietnam , Cassava , Volume , Rising High


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