Indonesia cut starch purchases from Ukraine
4.7 KMT of Ukrainian corn starch was exported in October (+61% from September, +150% from October 2020/21). 7.5 KMT had been exported since the beginning of the season (+69% y-o-y).
Nevertheless, starch production in Ukraine decreased: 15 KMT was produced in the first two months of the season, or 14% less than a year earlier.
China remains the top buyer of Ukrainian starch, with its export share equaling 32% and purchases being 27 times higher than last year; UkrAgroConsult reports.
The following importers also stepped up purchases compared to the same period last year: the EU (+90%), Malaysia (up 2.5 times) and Taiwan (up 3.3 times).
The exception is Indonesia, which reduced starch imports from Ukraine by 11% vs. September-October 2020.
Nigeria and Thailand made no starch purchases in September-October 2020, but in the first two months of this season they already imported 1.34 KMT combined.
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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