Get the latest insights on price movement and trend analysis of Corn Processing in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
Corn Processing Price Trend for the First Half of 2023
The costs of corn processing inclined in the first quarter of 2023 with support from the food industries. The supply of corn was also adversely affected by the ongoing Russia-Ukraine crisis, as Russia is one of the major exporters of corn. The market was further supported by the rising rates of inflation in the first quarter.
In the second quarter, however, the price trend declined due to the import of high quantities of corn and poor demand from the domestic and international sectors. The trend faced downwards as the market was flooded with surplus supply from Argentina and Brazil; the second quarter followed this trajectory till the last months when the prices began to improve slowly. Further, the weak performance of the global economy led to a rise in rates of inflation and interest, declining the costs of corn processing.
According to Procurement Resource, the price trend of Corn Processing is estimated to fall gradually in the upcoming months as the market sentiments seem to be suffering from the feeble movement of the global economy and low demand from the end-user sectors.
Procurement Resource provides latest prices of Corn Processing. 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.
Corn processing is a method that extracts the constituents of corn kernels to create a highly pure product. Most of the goods produced by this technique are valuable and are primarily used in the food industry. The production of corn for processing is the highest of any crop worldwide.
Processing corn is primarily used to make ethanol, animal feed, and food for humans. There are numerous uses for corn in both food and industrial settings. Starch, protein, oil, and fibre are the four fundamental compounds that are produced as a result of processing corn.
|Product Name||Corn Processing|
|Industrial Uses||Glass Industry, Production of solvents and alkenes, Flame scarfing, Metallurgical heating and hardening, Welding, Cutting|
|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.
Dry Milling - In the dry process, corn is ashed and hammer milled to medium-ground cornmeal. To create a slurry with a controlled PH and temperature, the corn is mixed with water. Enzymes are added to begin the hydrolysis process to convert corn starch to dextrin. This procedure is referred to as liquefaction. The corn mush is heated to destroy microorganisms after it has liquefied. The following steps are fermentation, drying, and final milling.
Wet Milling - Corn is cleaned before being steeped in tanks for up to two days in a temperature-controlled diluted solution during the wet milling process. The softening of the corn kernels and the assimilation of the soluble substances are the outcomes. The liquid is wet milled after the germ has been removed.
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).
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