Ukraine has managed to make a real breakthrough in the Chinese potato starch market

Published Apr 15, 2021

Tridge summary

Ukraine has experienced a significant shift in its potato starch trade balance, with exports reaching record levels and imports hitting a five-year low from September 2020 to January 2021. The country exported nearly 1.1 thousand tons and imported 700 tons, with China being the primary importer of Ukrainian potato starch. This development is crucial as it marks a potential positive shift in the country's trade balance, which has been challenged by dumped imports from Belarus. Despite these challenges, two out of six Ukrainian producers have managed to stay in the market, and there is potential for further growth if the quality of raw materials is improved. The current production facilities in Ukraine can produce 40 thousand tons of potato starch annually, more than twice the domestic demand, highlighting the need for improved quality to compete in the global market.

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

Original content

Meanwhile, imports of potato starch in Ukraine have fallen sharply, and the country's trade balance may reach positive levels for the first time in at least the last five years. Only for the period from September 2020 to January 2021, Ukraine was able to export almost 1.1 thousand tons of potato starch, while in previous seasons, exports for the entire marketing year ranged from 100 to 400 tons. Meanwhile, imports in the first five months of this season reached only 700 tons, which is also a record low for this period for at least the last five marketing years. The key and almost the only market for Ukrainian potato starch abroad this season was China, which imported about 95% of all Ukrainian exports and has already set a new record for imports from Ukraine. From September 2020 to January 2021 alone, more than 1,000 tons of Ukrainian products were shipped to China. "But in fact, behind the scenes of Ukrainian starch exports to China, there is a hidden problem - Ukrainian ...

Source: Seeds