Corn Gluten Meal Price Trend and Forecast

Regional Price Overview

Get the latest insights on price movement and trend analysis of Corn Gluten Meal in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Corn Gluten Meal Price Trend for First Half of 2023

The price trend of corn gluten meal is dependent on the production and supply of corn in the global markets. In the first two quarters of 2023, the production activities of food products gained momentum but were easily countered by the high rates of inflation.

In the rabi season, the corn market witnessed sluggish demand from most of the importing nations while its production exceeded the demand dynamics, and thus, as a result, the price trend of corn gluten meal showed signs of depreciation.

Corn Gluten Meal Price Chart

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In addition to this, the swinging condition of global economic conditions due to challenging market situations in Europe and the US, the prices of corn gluten meal suffered. These sliding economic conditions resulted in high rates of inflation, and spikes in rates of bank interest rates resulted in a recession-like phase across the globe, thus deteriorating the corn gluten meal prices.

Analyst Insight

According to Procurement Resource, the price of Corn Gluten Meal is expected to depict an oscillating trend as the market dynamics will be greatly impacted by the rising inflation rates and poor global economic conditions.

Corn Gluten Meal Price Trend for the Second Half of 2022

The corn gluten meal market set off a round of strong rises in the Chinese domestic market during the concerned period. The national average price of corn gluten meal was 7350 RMB/MT in October’22. These high prices far exceeded the market expectations and caused heated discussions in the market for a while. The overall corn starch market was not good this year, the downstream demand declined to varying degrees. The inventories in the market are high and the prices continue to be volatile and weak. In order to adjust this supply-demand disbalance, the operating rates of many factories were decreased.

With the overall operating rate of 40%, the production of corn gluten meal and its market supply was severely affected causing the prices to rise to astounding levels. Since the fourth quarter, the operating rate of starch factories has begun to pick up, but the price of starch lacked upward momentum. As a result, the recovery of the operating rate is relatively slow, thereby pressuring the market for corn gluten meal. Hence, the price trend for corn gluten meal kept towards the higher side of the scale during the said period.

Analyst Insight

According to Procurement Resource, the price trend for corn gluten meal are likely to remain volatile in the coming quarter. The adduct of operating rates, corn starch prices and downstream demand will drive the market dynamics for corn gluten meal.

Corn Gluten Meal Price Trend For the Frist Half of 2022

The unprecedented rise in the food and feed prices owing to the high-cost inflation caused the prices of corn gluten meal to soar globally. In China, the mainstream price of corn gluten market averaged 99.5 RMB/protein.

In Shandong, the average price was 100-104 RMB/ protein, while in Heilongjiang, it was  97-100 RMB/protein. In the US domestic market, the cost of corn gluten meal averaged 603.40 USD/ton. The price trend of corn gluten feed remained strong throughout the first half of the said year and will continue to remain towards the higher end of scale until the feedstock prices and trade restrictions relax.

Procurement Resource provides latest prices of Corn Gluten Meal. 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.