Corn starch exports from Ukraine down fourfold
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.
More detailed information on the latest trends in grain exports, supply and demand balances with breakdown by crop, price behavior, crop conditions and progress in harvesting/planting in the countries of Black Sea Region is available to subscribers for Online Analytics “Black Sea Grain” in the new innovative tool for agri market participants – AgriSupp by UkrAgroConsult. Subscribe to a 7-day free trial!!
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