In the second quarter of 2023, the US Corn Starch Prices | ChemAnalyst

Chemanalyst29 Aug, 2023Business

The US corn starch market encountered volatility during the second quarter of 2023. The initial two months of the quarter witnessed consistent price escalation attributed to disruptions in supply and demand dynamics. A moderate shortage of corn starch in domestic warehouses ensued due to heightened demand from end-user suppliers, consequently driving market prices upwards. Following the abolition of the zero-resistance policy against COVID-19, trade between Asia and the United States increased. Moreover, rising production costs of corn starch, fueled by escalating corn and input prices, added to the upward pressure on prices. However, by early June, prices started declining due to weakening demand, leading to surplus inventory and prompting suppliers to implement price reductions. The ongoing economic instability in the US coupled with rising global inflation rates contributed to reduced corn starch demand.