Corn starch exports from Ukraine down fourfold

UkrAgroConsult

Exports of Ukrainian starch since the beginning of the season had totaled 4.45 KMT (down 75% on the year). Only 1.86 KMT of corn starch was exported in October (-28% from September, -78% from October 2019/20).

Such a drop in exports was caused by a production decline in September-October (down 33% on the year), UkrAgroConsult reports.

All major buyers reduced imports from last year. The only exception is Belarus, which just slightly stepped them up (+9% from 2019).

The greatest decrease is observed in exports to last season’s top destination, Indonesia, which purchased 25 times less than a year earlier. The following countries slashed imports as well: the UAE, Saudi Arabia, the EU and Malaysia.

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UkrAgroConsult

Tags: Ukraine, corn starch exports