The market for deep grain processing in Russia decreased slightly in the first half of 2023
Grains, Cereal & Legumes
Russia
Market & Price Trends
Published Sep 28, 2023
Tridge summary
In the first half of 2023, the production of highly processed grain products, including native starches, decreased slightly in Russia due to industry restructuring and a focus on new markets. Production of native starches, including wheat, corn, and potato starch, all saw declines ranging from 3% to 19%. Import and export volumes of all types of starch also decreased significantly, with corn, wheat, and potato starch imports falling by 40% and exports by 23%. Despite this, the production of plant proteins like wheat gluten and corn gluten showed promise, with a significant portion being exported due to limited domestic demand.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.
Original content
The production of highly processed grain products in the first half of 2023 showed a slight decrease; imports and exports also decreased, which is associated with the restructuring of the industry and focus on new markets. This was reported by the Association of Advanced Grain Processing Enterprises. According to the association, in January-June 2023, the production of native (unmodified) starches decreased by 6%, to 191.5 thousand tons. For the same period in 2022, production reached 203.3 thousand tons. In particular, the production of wheat starch decreased by 3% (to 24.8 thousand tons), corn starch - by 6% (to 161 thousand tons). The production of potato starch fell the most - by 19% (to 5.6 thousand tons in volume terms). The volumes of import and export of all types of starch have decreased significantly. Imports of corn, wheat and potato starches fell by 40%, and exports by 23%. Among the promising export areas, experts note the segment of plant proteins, such as wheat ...
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