According to the monitoring of SunSirs, the price of domestic corn starch fluctuated as a whole in March. The average price of first-class corn starch was 3290.00 RMB/ton on March 1 and 3406.00 RMB/ton on March 31, an increase of 3.53% in the month.
In March, international grain prices continued to rise, domestic trade entities continued to be bullish, reluctant to sell in the future, and deep-processing enterprises continued to raise prices and replenish stocks. The overall domestic corn market price rose, and the processing cost of corn starch rose. With the support of costs, the domestic corn starch Market price rose.
In late March, the high price of domestic corn market stabilized, the epidemic situation reappeared in many places in China, the demand for starch continued to fall, and the main body of starch downstream trade had a strong wait-and-see attitude. In order to ensure shipment, manufacturers reduced the ex factory price slightly, driving the overall price of domestic corn starch Market to fall slightly.
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