Cassava exports endures 12.7% fall over 10-month period

These figures represent decreases of 12.7% in volume and 7% in value compared to those from the same period last year.

In October, the country shipped 176,000 tonnes abroad, earning US$76 million to mark a leap of 45.7% on-month in volume and 34% in value.

During the January to October period, China remained as the most significant export market for local goods, consuming 1.93 million tonnes of cassava and cassava-based products from the nation worth US$873 million, down 11.6% in volume and 6% in value from last year.

The second position went to Taiwan (China) with over 40,000 tonnes of cassava and related products worth US$22 million, up 2.5% in volume and 8% in value on-year.

The Republic of Korea came third with more than 37,000 tonnes valued at US$11.8 million, dropping by 61% in volume and 66% in value against last year's corresponding period.

Vietnam currently ranks second in the world in terms of cassava exports, behind only Thailand. The yearly export value of cassava and cassava products has exceeded US$1 billion over the past five years.