Vietnam exported 1.6 million tonnes of cassava and cassava-based products with a value of US$542 million during the opening seven months of the year, according to figures released by the Ministry of Agriculture and Rural Development.

The latest statistics represent an annual increase of 15.2% in volume and 3% in value. China remains the main export market for Vietnamese cassava and cassava-based products.

Most notably, cassava chip exports enjoyed a sharp rise due to the increasing demand from the northern neighbor. The average export price of cassava chips increased 7% to US$227.3 per tonne compared to US$211.5 per tonne recorded in July 2019.

However, the average export price of cassava and cassava-based products throughout the reviewed period fell 11% to at an estimated US$345 per tonne .

Exports of cassava starch also suffered a decrease with the average export price reaching US$396 per tonne, representing a fall of 7% on-year.

The Agro Processing and Market Development Authority anticipated that the export price of cassava chips will continue to rise in the near future due to supply shortages and rising demand from China.