The production of native starches in Russia in 2023 reached 390.8 thousand tons

Maize (Corn) Starch

Published Mar 27, 2024

Tridge summary

In 2023, Russia experienced growth in its native starch production, reaching 390.8 thousand tons, a rise attributed mainly to increased corn starch output. Exports of these starches stood at 20.6 thousand tons, while imports saw a significant decline of 41%, totaling 13.3 thousand tons. The production of modified starches also saw an increase, surpassing 100.5 thousand tons, alongside a 23% reduction in imports. This overall 7% decrease in imports is viewed positively for the market. Additionally, the Zoloto Polye company initiated the construction of a deep grain processing plant in the Stavropol Territory, with an investment exceeding 186 million rubles and a projected annual corn processing capacity of 39 thousand tons, aiming for operational full capacity by the first quarter of 2025.

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Original content

Imports of these products decreased by 7% The volume of production of native starches (corn, wheat and potato) in Russia in 2023 reached 390.8 thousand tons against 377.8 thousand tons a year earlier, the Soyuzstarch Association of Advanced Grain Processing Enterprises reported. Exports of these products last year amounted to 20.6 thousand tons; imports - 13.3 thousand tons, which is 41% less than a year earlier (32.3 thousand tons). In 2023, the production of native starches increased mainly due to corn starch, the output of which amounted to more than 328.6 thousand tons, the association noted. Imports of corn starch were at 2.7 thousand tons, which is less than 1% of the total volume. The export of these products amounted to almost 19.7 thousand tons. Wheat starch took second place in terms of production volumes, reaching 50.3 thousand tons. Its imports were insignificant (24 tons), and exports amounted to 394 tons. Potato starch production has remained stable over the past ...

Source: Specagro