Starch consumption in Ukraine decreased to 8,000 tons

AgroPortal.ua was told by the acting Serhiy Lazar, director of Vymal PJSC. Since the 1990s, a lot of imported products entered Ukraine under "gray" schemes, and half of the domestic production volume was formed thanks to import receipts. "In Western Europe, the production of potato starch has always been subsidized, and there were three subsidies: a subsidy to a farmer who grows potatoes for processing into starch, a subsidy to an enterprise that processes it into starch, and also an export subsidy. The latter for some time was half the cost of the price. In addition, the products were smuggled into Ukraine without paying entry duty and VAT, so it was difficult for domestic starch to compete," Serhiy Lazar explained. He says that over time, the share of starch imported under "gray" schemes has significantly decreased. There have been ...