Meade Potato Company in Ireland has entered the starch commodity market by extracting starch from surplus potatoes and potato processing by-products.
According to a news report by Checkout Magazine, the extraction unit at the Meade Farm in Lobinstown, Co. Meath represents the only native food-grade starch being indigenously produced for food manufacturers in Ireland and the UK, the company said.
Year on year growth in the starch market is at 9% for the past six years due to its increased use in sustainable packaging, meat-free and sugar-free foodstuffs, it added.
The Irish potato grower and packer said that it believes their starch will appeal to food manufacturers as it is gluten-free and has a higher viscosity than corn starch. The company said that it ‘hopes that it will help to reduce food waste, add higher value to the national potato crop, increase import substitution, and create new export opportunities’.
The company said that it has already started to export to the UK and ‘hopes to expand into other export markets in the next two years.’
Source: Checkout Magazine. Read he full report here