Cassava exports reached 1.5 billion USD

Cassava Vietnam Association said, while exports (exports) many agricultural commodities decline, exports of cassava to skyrocket: the first 10 months of 2015, exports reached 3.42 million tonnes of cassava with a turnover of 1.09 billion USD, up by 22.6% in volume and 19.1% in value over the same period of 2014.

Notably, the export commodities soared in September and May 10/2015. The cause, according to the Vietnam Association of Cassava, 4/9 from the Ministry of Finance issued Circular No. 141/2015 / TT-BTC and steering stop implementation of Circular No. 63/2015 / TT-BTC dated 6/5 / 2015 on the amendment of cassava export tariffs. Specifically: export tax rate from 5% cassava products are put on the old rate of 0%, effective on 09.05.2015, to remove difficulties for enterprises (companies) exporting cassava.

Ministry of Agriculture and Rural Development (MARD) said that in the third quarter of 2015, China remained the main export market, accounting for 89.17% market share, up 37.1% in volume and 33 and 03% in value compared to the same period of 2014. the share of other major markets are less than 2%. In addition, the market has the highest growth rate of Japan and Taiwan (China).

Mr. Nghiem Minh Tien - Permanent Vice Chairman of Vietnam Association - shared: Although this year is expected to export cassava reached about $ 1.5 billion, but in fact, 80% of cassava production is still exported to China. The heavy dependence on the Chinese market is the emerging weakness of Vietnam cassava industry, by market uncertainties, many potential risks. The slight fluctuation of the Chinese market enough to reel DN cassava industry.

To focus on long-term export strategy, market expansion potential export market, avoiding dependence on a market such as China, Mr. Nghiem Minh Tien information: Recently, the Association has worked Cassava Vietnam with the Ministry of Science - technology building quality standards tapioca Vietnam and widely publicized. This standard is built on the basis of common criteria standards of the Organization for Food and Agriculture of the United Nations (FAO). So, just the quality of the company in accordance with the standards set out can export markets both in the strict, hard.