The Wholesale Price of Sweet Potato in Vietnam Increased by 14% WoW Thanks to Higher Demand from China

The wholesale price of Vietnamese sweet potato has increased by 14% MoM to VND 16,000/kg in June 2023. The high price as a result of Vietnam has gained market access for sweet potatoes to China, which has increased demand.
Crude canola/rapeseed oil prices in Hefei, Anhui in China has edged down on increased supplies coming under the Black Sea Grain Initiative. According to the United Nations Joint Coordination Center, China has been the main destination for oilseed exports under the agreement. With China already having ample availabilities, prices have fallen from $2.01/kg to $1.97/kg over the week. Rapeseed prices have recently been under pressure from improvements in the state of rapeseed crops in the EU and Australia and Canada- this trend could continue well into the start of harvest in Europe.