Get the latest insights on price movement and trend analysis of Corn Gluten Feed in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
Corn Gluten Feed Price Trend for First Half of 2023
The price trend of corn gluten feed is dependent upon the price trend of corn crops. In India, the crop season suffered adversely in the first and second quarters of 2023 by a huge percentage. The demand from domestic and international markets also remained low throughout the two quarters, negatively impacting the prices of corn and, in turn, the price trend of corn gluten feed. With subdued demand, the rates of exports from major exporting nations, such as India, slumped, and in addition to this, the adverse weather conditions also pitched in, declining the price trend of corn gluten feed.
The market conditions in the US were also similar to this. Frequent droughts in states that are major contributors to crop production affected the production rates severely. This led to the loss of consumer confidence in the market, and thus, corn gluten feed prices witnessed a bearish mode globally.
According to Procurement Resource, the price trend of Corn Gluten Feed is expected to depict a mixed trend. The prices of corn gluten feed seem to be negatively affected by the low production rates and adverse weather.
Corn Gluten Feed Price Trend for the Second Half of 2022
The price trends for corn gluten feed kept towards the higher end of the scale during the second half of 2022. These high prices were the combined effect of a volatile corn starch market coupled with lowered operating rates. To maintain the market equilibrium for the feedstock corn starch the operating rates of the factories were decreased given the dwindling demand and prices. However, these lowered operating rates constricted the market supply of corn gluten feed. The high downstream demand along with the narrow supply caused the corn gluten prices to rise in the Asian market.
According to Procurement Resource, the price trends for corn gluten feed are likely to remain unsettled in the coming quarter. As the operating rates improve and the market for corn starch stabilizes, it will directly impact the trends for corn gluten feed.
Corn Gluten Feed Price Trend For the First Half of 2022
The ongoing Russia-Ukraine geopolitical confrontation caused unprecedented volatility in feed and food prices globally. Corn prices surged globally owing to trade bottlenecks and a lousy harvest due to the adverse climatic condition. The droughts in North America and La Nina in Latin America tightened the already constricted supply chain.
In US domestic market, the corn feed pellet prices averaged around 192.58 USD/MT. In China, the price trends of the corn gluten feed remained strong throughout the period. The high feed prices were due to the increasing demand and lower imports owing to the trade restrictions. The prices of corn feed averaged 3.01 RMB/kg in the Chinese domestic arena.
Procurement Resource provides latest prices of Corn Gluten Feed. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.
It is the by-product of the wet milling of corn/maize grain during starch production. Corn Gluten Feed is known to be a relatively high fibre, medium-energy, medium-protein product which is essentially fed to ruminants. Its fibres are highly digestible by ruminants.
It has around 22% crude protein and is a mixture of steep liquor, bran, and maize germ oil from the mill processing. Moreover, the corn gluten feed can be substituted for grains, like for maize grain, to reduce the starch load in the rumens. Corn gluten meal, which contains about 65% crude protein is completely different from Corn Gluten Feed.
|Product Name||Corn Gluten Feed|
|Industrial Uses||Cattle feed, Poultry and fish feed, Pet food ingredient|
|Synonyms||Dry corn gluten feed, Dried corn gluten feed, Dry maize gluten feed, Dried maize gluten feed, Wet corn gluten feed, Wet maize gluten feed|
|Supplier Database||ADM (Archer Daniels Midland), Prorich Agro Foods, Tate & Lyle, Badger State Ethanol, LLC, Fornazor International Inc.|
|Region/Countries Covered||Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand
Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece
North America: United States and Canada
Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
Africa: South Africa, Nigeria, Egypt, Algeria, Morocco
|Currency||US$ (Data can also be provided in local currency)|
|Supplier Database Availability||Yes|
|Customization Scope||The report can be customized as per the requirements of the customer|
|Post-Sale Analyst Support||360-degree analyst support after report delivery|
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
Corn or maize grain is steeped in water combined with sulphur dioxide. This makes maize kernel coarsely ground and thus, germs are separated from the endosperm, which further goes through screenings to extract and separate fibre (bran) from starch and proteins slurry. The resulting fibre is mixed with steep liquor and maize germ oil meal to finally produce Corn Gluten Feed.
The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).
Procurement Resource is a one-stop solution for businesses aiming at the best industry insights and market evaluation in the arena of procurement. Our team of market leaders covers all the facets of procurement strategies with its holistic industry reports, extensive production cost and pre-feasibility insights, and price trends dynamics impacting the cost trajectories of the plethora of products encompassing various industries. With the best analysis of the market trends and comprehensive consulting in light of the best strategic footstep, Procurement Resource got all that it takes.
Procurement Resource has made a mark for itself in terms of its rigorous assistance to its clientele. Our experienced panel of experts leave no stone unturned in ensuring the expertise at every step of our clients' strategic procurement journey. Our prompt assistance, prudential analysis, and pragmatic tactics considering the best procurement move for industries are all that sets us apart. We at Procurement Resource value our clients, which our clients vouch for.
Expertise, judiciousness, and expedience are the crucial aspects of our modus operandi at Procurement Resource. Quality is non-negotiable, and we don't compromise on that. Our best-in-class solutions, elaborative consulting substantiated by exhaustive evaluation, and fool-proof reports have led us to come this far, making us the ‘numero uno' in the domain of procurement. Be it exclusive qualitative research or assiduous quantitative research methodologies, our high quality of work is what our clients swear by.