Tapioca starch transactions at borders have more vibrant signs due to the increased needs of the Chinese customers.
News from traders said, by trading the tapioca starch at border has signs of a more active with the increasing demand of China, thus the amount of tapioca starch from Central and South continue to be loaded more to Haiphong port. However, the influence of the northeast monsoon in the sea makes the ships which were loaded tapioca starch arrive at Haiphong port later than expected. Price of tapioca starch purchasing in Mongcai, Quangninh province remains relatively stable, with the highest rates of about 2,730 Yuan/MT, the remained kinds are popular from 2,600-2,700 Yuan/MT. At the border gate in Langson province, China still has carried out the balanced load on trucks but transactions of tapioca starch are normal, prices ranging from 2,570-2,670 Yuan/MT for the “type 2” and 2,750 Yuan/MT for the “type 1”. Some tapioca starch factories in Nghe An area offer the local price of tapioca starch delivered at Langson border gate at about 9,050 VND/kg. The exchange rate between CNY and VND are supporting the export price of Vietnam. However, if the exchange rate between CNY and VND remains highly in the near future, the Chinese traders would cause downward pressure on export price of Vietnam.
According to Chinese, the transaction prices of tapioca starch at border in China’s local market are being accepted by traders at about 2,800-3,000 Yuan/MT, up 20 Yuan/MT compared with the previous week.
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