SunSirs: The Market Price of Corn Starch Rose slightly Last Week in China
November 09 2022 13:34:30 SunSirs (Selena)
According to the monitoring of SunSirs, the price of domestic corn starch rose slightly last week. The average price of edible first-class corn starch at the beginning of the week was 3,232.00 RMB/ ton, and the average price at the weekend was 3,248.00 RMB/ ton, up 0.50% within the week.
In November, the cost of imported corn was still high. In addition to the epidemic situation and rainfall in some regions, the quantity of corn delivered by deep-processing manufacturers declined. This week, some enterprises raised the purchase price of corn slightly. The domestic corn market price continued to operate strongly. Supported by the cost, the domestic corn starch market price rose slightly.
SunSirs analysts of corn starch products believe that China domestic corn starch market price is mainly stable and strong in the short term under the support of cost.
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