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VietNamNews

Cassava exports face decline

Update: March, 07/2014 - 08:05

HA NOI (VNS) – Viet Nam's exports of cassava declined by 32.4 per cent to 652,000 tonnes, and by 30.6 per cent in value to $206 million, during the first two months of 2014.

In 2013, the country was second only to Thailand in export of the fruit, which are now sold in China, the Republic of Korea, Malaysia, Indonesia, India, Myanmar and Japan.

China was the largest importer of Vietnamese cassava and cassava products, accounting for 85.6 per cent of the country's cassava exports.

In 2014, however, exports of cassava and cassava products plunged by 18.2 per cent to $1.1 billion and volume was down almost 30 per cent to 3.1 million tonnes, according to the General Department of Customs.

Cassava and cassava products had earlier been the nation's seventh largest export staple.

In recent years, cassava has become one of the products that brings high export values to the country. — VNS



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