Ukraine captures the market of another important product

Published 2024년 9월 12일

Tridge summary

Ukraine has transformed from a starch importer to an exporter, with the country now hosting modern enterprises that process potatoes into starch at world-class standards. This transformation has allowed Ukraine to enter the European market with various products competing against local producers, such as honey, frozen soft fruits, and grain. The country's starch exports to Southeast Asia have increased significantly after production upgrades in 2012 and 2018. However, the production of high-starch potatoes by Ukrainian growers has ceased, leading to a decrease in the raw material base for starch production. Despite these challenges, Ukraine achieved a record in agricultural production in the economic year 2023/2024, exporting around 10 thousand tons of potato starch, marking a new milestone in its agricultural sector.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Over the past few years, Ukraine has turned from a starch importer to an exporter. Within this period, a number of modern enterprises, equipped according to world standards, were built on the territory of the country, which process potatoes into starch, commented to AgroPortal.ua Sergey Lazar, director of one of the largest enterprises in this field, having two production sites. In addition to grain, Ukraine has already entered the European market with honey, frozen soft fruits and other goods that undercut the prices of local producers. "In 2012, we modernized production, installed new equipment and started producing very high-quality products. During this period, supplies of starch for export to Southeast Asia began, but they were small. We built the new plant in 2018, its capacity is 600,000 tons of potatoes per day," commented Sergey Lazar. However, due to market conditions, Ukrainian potato growers have actually stopped growing high-starch potatoes. The raw material base of ...
Source: Agri

Would you like more in-depth insights?

Gain access to detailed market analysis tailored to your business needs.
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.