In 2024, Corn Gluten Meal prices showed a mixed trend across regions due to varying supply and demand factors. In Asia, particularly China, prices started the year higher but gradually eased mid-year as domestic production was stable and import demand slowed. Feed manufacturers continued to manage inventories carefully, and while weather disruptions occasionally tightened supply, the overall market remained slightly soft.
Europe experienced moderate price stability in 2024. Corn supply remained sufficient, supported by stable harvests in Ukraine and France. European buyers were cautious amid fluctuating freight costs and global price pressure, keeping Corn Gluten Meal prices mostly steady, though occasional demand from feed and livestock sectors provided minor upward movements.
North America faced downward pressure for most of the year due to record corn harvests and high inventories. Farmers and feed producers held large stocks, while domestic demand growth in livestock feed was moderate. Export activity helped support prices in some months, but overall, market movement was restrained, leading to steady to soft pricing throughout the year.