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
2026-2030 Economic Outlook: New Business Architecture
High Prices and Expanding Processing Are Transforming Ukraine’s Oilseed Market
Poland imported US soybean meal for the first time since 2019
Angola continues to import corn despite increased production
Soybean imports to China fell by more than 7% in two months
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon