Ukrainian agricultural producers broke into the Chinese starch market

Published 2021년 4월 15일

Tridge summary

Ukraine is set to reach a record high in potato starch exports in the 2020/21 season, with a significant increase in exports within the first five months of the season compared to the previous marketing year. The majority of these exports have been to China, which has set a new record for imports from Ukraine. However, Ukrainian producers face challenges in their domestic market due to dumped imports from Belarus, leading to losses in domestic sales and reliance on exports to China for economic feasibility. The quality of Ukrainian starch has been a key factor in its success in the Chinese market.

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

Original content

Ukraine will set a historical record for the export of potato starch in the 2020/21 season (September-August). This was reported by EastFruit. According to the report, in the first five months of this 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 in Ukraine have fallen sharply, and the country's trade balance may for the first time reach positive indicators for at least the last 5 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. 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 ...

Source: Agropolit