Sharp decline in Southeast Asian demand for corn starch from Ukraine
7.1 KMT of Ukrainian corn starch was exported in December (+54% from November, -30% from December 2020/21). 19.3 KMT had been exported since the beginning of the season (+6% y-o-y), UkrAgroConsult reports.
Currently, the top buyers of Ukrainian corn starch are China and the EU, whose combined share in total exports of the Ukrainian product is about 40%.
Last season’s biggest importer – Indonesia – substantially reduced corn starch purchases from Ukraine (-91% y-o-y).
Apart from Indonesia, Malaysia also slashed imports of Ukrainian corn starch.
The following importers stepped up purchases compared to the same period last year: the EU and Thailand (more than doubled), China (+85%), Taiwan (+55%).
Last year, Nigeria and Thailand started importing Ukrainian corn starch from April. In MY 2021/22, they had already purchased a combined over 5 KMT by January.
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!
Start using analytical data and increase your efficiency now!
Register to get your demo access: http://agrisupp.com/en/register/1
Read also
Romania wants to become one of the owners of the Moldovan port of Giurgiuleşti
Price of a ton of Ukrainian agricultural exports increased 1.4 times
Spring sowing rates in the US are above average
Showcase Your Business Among the key Market Makers at BLACK SEA GRAIN.KYIV!
Crude palm oil to become cheaper than soybean oil again this month – analysts
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon