Vietnam withdraws 5% export tariff on Tapioca chips

by VTV406 September 2015 Last updated at 17:10 PM

VTV.vn - The Ministry of Finance is withdrawing a 5% tariff on Tapioca chip exports.

This is meant to secure supply for ethanol producers, but has instead led to an excessive stock of 500,000 metric tons on the local market.

Tapioca chips are a main ingredient for producing ethanol. Earlier in May, the ministry had proposed a five per cent export tariff on tapioca chips to ensure enough supply for processing ethanol petrol for the domestic market.

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