In the Asia Pacific region, market dynamics improved in Q1 2023 with increased production activities post-Lunar holidays and COVID-related stagnancy. The rise in new orders and purchasing potential boosted corn starch prices, sustaining the trend in Q2. In Europe, higher feedstock costs were countered by economic challenges and weak industry demand in Q1. However, a surge in inquiries, demand, energy costs, and weather-related supply issues led to Q2 price gains. North America witnessed Q1 price surges due to rising orders, feedstock costs, and inventory shortages, but Q2 saw negative movement due to global inflation, stockpiles, and consumer resistance.
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Definition
Corn starch, derived from corn kernels, is a white, powdery substance composed mainly of carbohydrates. It is commonly used as a thickening agent in food preparation due to its ability to absorb water and create a gel-like consistency. With neutral taste and high energy content, corn starch finds versatile applications in cooking, baking, and as a binding agent. Its properties include solubility in hot water, translucent appearance when cooked, and heat-induced thickening capacity, making it a valuable ingredient in various culinary and industrial processes.
Key Details About the Corn Starch Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on corn starch price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.
The Corn Starch Price Index, including India Corn Starch price, USA Corn Starch price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting the Corn Starch Price Trend:
Corn starch is a versatile ingredient with widespread industrial applications. In the food industry, it serves as a thickening agent in sauces, soups, and desserts, and is used to enhance texture and mouthfeel. In the manufacturing sector, corn starch is utilized in the production of bioplastics, adhesives, and paper products due to its binding properties. It plays a crucial role in the pharmaceutical industry, where it acts as an excipient in tablet formulations. Additionally, corn starch finds use in textile sizing, as a dusting agent for various purposes, and in the creation of bioethanol through fermentation. Its natural, abundant availability and functional attributes make it a valuable component across various sectors.
Key Players:
- Cargill Incorporates
- Archer Daniels Midland Company
- Ingredion Incorporates
- Tate & Lyle Plc
- Grain Processing Corporation
- Roquette Feres
- Tereos SA
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