The paradox of potato starch in Ukraine: Active import of Belarusian products pushes Ukrainian producers to the Chinese market

Published Apr 14, 2021

Tridge summary

Ukraine is set to reach a record high in potato starch exports in the 2020/21 season, with a significant increase in the first five months of the season compared to the previous marketing year. The country's trade balance may see positive figures for the first time in at least five years, with a decrease in imports and a dominance of China as the sales market, accounting for 95% of exports. However, Ukrainian producers face challenges in their own market due to dumping imports from Belarus, leading to losses in domestic sales. The quality of Ukrainian starch is crucial for its success in the Chinese market, and promotional strategies, including social media, are being used to market Ukrainian products. Despite the success in China, the future of Ukrainian potato starch exports beyond China looks uncertain due to competition from countries that subsidize starch production.

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

Original content

Ukraine will set a historic record for the export of potato starch in the 2020/21 season (September-August), EastFruit reports. In the first five months of the current season alone, the country managed to export almost three times more of these products than in the entire previous marketing year. Meanwhile, imports of potato starch to Ukraine have fallen sharply, and the country's trade balance may for the first time reach positive indicators in at least the last five years. Is everything so rosy in reality, was Ukraine able to reverse the trend for imported potato starch, and what prospects do Ukrainian products have on the world market? EastFruit offers to sort it out with the help of Sergey Samonenko, director of VIMAL, the leading producer and exporter of starch in Ukraine, and Evgeny Kuzin, head of international projects Fruit-Inform.com, the only information and analytical agency in Ukraine for professionals in the fruit and vegetable market. In the period from September ...

Source: Eastfruit