China engrossed on Ukrainian starch

Published 2021년 11월 10일

Tridge summary

In September 2021, Ukraine's corn starch exports saw a 22% month-over-month decrease from August but an 11% year-over-year increase, according to Ukrainian agricultural consultancy, UkrAgroConsult. This decline is attributed to Indonesia's absence as a buyer in September, despite China's significant increase in imports, seven times more than September 2020. The European Union (EU) cut its corn starch purchases by 39% compared to the previous season, while Nigeria's imports rose to 23% of the total, making it the second-largest buyer after China, indicating a shift in demand dynamics in the global corn starch market.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Exports of corn starch in September 2021 amounted to 2.9 thousand tons, which is 22% less than in August, but 11% more than September 2020/21 MY. This is stated in the message of "UkrAgroConsult". As noted, Indonesia, a traditional buyer over the past seasons, did not purchase corn starch from Ukraine in September. “Meanwhile, the largest volume in September was imported to China (17 times more than in September 2020),” analysts say. At the same time, the EU reduced its purchases by 39% in comparison with the previous ...

Source: AgroPortal.ua