Corn Starch Price Trend and Forecast

Regional Price Overview

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

Corn Starch Price Trend for the First Half of 2023


The market activities in the Asia-Pacific region improved their dynamics in the first quarter of 2023 as after a long stretch of Lunar holidays and stagnancy in the region due to COVID restrictions, the production activities kickstarted at a much stronger pace. This was supported by the rise in the number of new orders from both domestic and international customers.

Inclination in the purchasing potential of buyers and several restrictions in the supply chains supported the rise in the prices of corn starch. This rise in prices continued in the second quarter too. To cater to the demand from the downstream industries, the manufacturers had to increase their production rates; however, during the end phase, the trend stumbled due to a decline in demand and a reduction in activities of the downstream industries.


In Europe, the price trend of corn starch increased due to the support from the increasing cost of feedstock material. However, the challenging economic conditions and weak demand from the end-user industries proved to be a problem for the corn starch market in the first quarter.

In the second quarter, the surge in the number of inquiries, high demand, rising cost of energy production, and drastic weather conditions in the majority of corn production regions resulted in a depletion in the level of inventories. Thus, with the enhanced demand and reduced availability of the product in the market, the price trend of corn starch moved positively in European countries.

North America

With the gradual incline in the number of new orders from domestic and international buyers, the price trend of corn starch surged in North America in the first quarter. In addition to this, the rising cost of feedstock materials and drought-like situations in many regions leading to low levels of inventories supported the hike in the price trend of corn starch.

The second quarter moved steadily initially but, in the end, the phase began to move negatively. The rising levels of global inflation, rise in stockpiles, and resistant buying of consumers severely affected the prices, and thus, the trend of corn starch declined ultimately in North America.

Analyst Insight

According to Procurement Resource, the price trend of Corn Starch is estimated to showcase a declining trajectory due to unfavorable weather conditions and reduced availability of corn starch globally.

Corn Starch Price Trend for the Second Half of 2022


The price trends for corn starch exhibited a mixed pattern in the Asian market. With sufficient market inventories and dwindling demand, the market price of corn starch crashed. The suppliers were forced to reduce their market quotations to ensure continuous shipments and offtakes. With the new products entering the market in September, manufacturers feared a price crash. Hence, they reduced the quoted prices to make room for fresh supplies. The price of corn starch went from 3380 RMB/MT to 3230 RMB/MT towards the end of Q3.

However, the corn prices rebounded in the second half of quarter four; supported by factors like the continuously high cost of imported corn, the rising domestic transportation cost and the continuous recovery of downstream agriculture demand, the corn market price continued to be high. These high prices impacted the price trends for corn starch. However, the prices again fluctuated towards the end of December averaging 3162 RMB/MT.

North America

The price trends for corn starch exhibited an oscillating pattern in the US domestic market. Initially, the prices declined given the weakened demand despite the drought-like conditions in the corn-producing belts. However, the prices increased during the fourth quarter as the demand rebounded causing the prices to average 796.90 USD/MT (CIF USA) (approx..) in November’22.

Latin America

The Brazilian corn prices crashed, given the lousy harvest due to the adverse weather conditions. The La Nina intensified over the region leading to prolonged rainfall and delaying the sowing and flowering season. The fall in feedstock prices and lowered market sentiment negatively impacted the pricing pattern for corn starch. However, the prices picked pace in the fourth quarter when the weather conditions improved.

Analyst Insight

According to Procurement Resource, the price trends for corn syrup are likely to increase over the next coming months given the robust downstream demand and not sufficient inventories to fulfil the same.

For the Second Quarter of 2022


In China, the corn starch market recorded a steep decline due to the falling prices of maize and other food grains amid the increasing speculations of a global recession. Also, the bearish demand from the downstream sectors because of uncertainties in the supply further affected the price in the domestic market. The price averaged 3424 RMB/MT towards the end of this quarter.


The demand for the flour is constantly increasing amongst the EU member nations. Starch extracted from wheat and corn is extensively used to manufacture paper. Hence, due to the intense demands from paper manufacturers, corn starch prices stood firm.

North America

Due to the lowered price of its primary feedstock- corn, the price of its starch is falling in the US domestic market. Per kg price of corn starch was around 0.65-0.59 USD in New York and Washington.

Due to the region's strong consumption of processed, quick, and convenience foods, North America continues to hold the top spot in this industry. The greatest market in the area was in the United States.

The main factors boosting the expansion of this business in the US market and North America are the abundance of maize as a raw material in the nation and the low pricing of corn starch. The demand is developing as a result of the region's growing processed food and convenience food consumption as well as the region's growing population and disposable income among consumers. Major market participants are developing goods specifically for the area.

For the First Quarter of 2022


In March, domestic corn starch prices changed considerably. On March 1st, the average price of first-class corn starch was 3290 RMB/MT while on March 31st, it was 3406 RMB/MT, a 3.53% rise over the previous month. International grain prices continued to climb in March, domestic trade entities remained positive, hesitant to sell in the future, and deep-processing companies increased prices and replenished stockpiles.

The price of domestic maize as a whole increased, as did the cost of producing corn starch. Domestic corn starch prices increased as a result of cost assistance. In late March, the domestic maize market's high price steadied, the epidemic situation in many parts of China resurfaced, demand for starch continued to decline, and the majority of the starch downstream trade maintained a strong wait-and-see attitude. To secure shipment, producers cut the ex-factory price marginally, resulting in a modest decline in the overall price of domestic corn starch.

For the Fourth Quarter of 2021


Entering mid-October, under the effect of the dual control strategy, domestic corn starch stockpiles continued to be low and the general drop persisted. At the same time, as the weather became colder and domestic demand for the commodity recovered. The entire market supply was restricted.

Under the backing of demand, domestic market price of the commodity continued to grow. On October 19, the average price rose to 3,400 RMB/MT, an increase of 3.03% from the beginning of the month. Inventory was low, market supply was tight, and downstream demand was unabated.

By year end, farmers in producing regions were increasingly eager to sell the grain, the domestic maize market continued to expand, the total market supply became more plentiful, and prices continued to decline appropriately. The cost of raw materials continued to decline, maize stocks were efficiently refilled, and downstream trade organizations remained circumspect in their purchases.

The domestic market price of the commodity continued to deteriorate as a result of the suppression of several negatives. On December 29, the average price decreased to 3340 RMB/MT, a decrease of 6.70% from December 1.

North America

The cost of raw materials is the primary cost driver in corn starch manufacturing. Corn and enzymes are the primary raw ingredients, accounting for about 70% of the total cost of corn starch manufacture.

Additionally, there are significant cost components associated with the crop’s handling and storage, steeping, germ separation, fiber separation, gluten separation, and starch washing. Maize starch accounts for 55% of the total maize mass utilized in manufacturing. In mid-December, the March corn futures in Chicago were up around 40% year over year.

For First, Second and Third Quarters of 2021


Domestic corn starch prices in China continued to fall. The average price of primary corn starch was 3320 RMB/MT, a decrease of 3.51% throughout the week (July 26, 2021). In July, the State Reserve's auction of imported maize continued to cool, a large number of replacement grains arrived in Hong Kong, the bulk of domestic grain storage commerce was realized out of the warehouse, and deep-processing firms significantly decreased the purchase price of corn.

Under the weight of widespread negative news, the domestic maize market price sank precipitously. Maize prices remained low, the wait-and-see attitude of downstream corn starch trade subjects increased, the starch industry's peak season became more apparent, and under the dual pressure of cost and demand, corn starch manufacturers reduced the ex-factory price one after another, sharply lowering the domestic market price.


As of April 2021, manufacturers of native wheat and maize starch began increasing prices in quarterly contracts and for delivery. They were then preparing to boost pricing on half-year contracts, charging up to 200 EUR/MT extra for July delivery. Due to increased business activity and the addition of corrugated case material and corrugated board capacity in Europe, demand for starch products increased significantly in spring 2021 and continued to do so in June.

Industrial starches were experiencing healthy growth despite a decline in graphic paper consumption as a result of the expanding e-commerce and plastic-free tendencies. Capacity for industrial starch production has risen in recent years in response to growing demand from the paperboard sector. However, two starch drying assets were recently removed from the market, further tightening the present supply-demand balance, and no new drying capacity is scheduled to enter the market this year.

North America

Between 1.5% and 5% starch by weight is used for paper packaging, depending on weight, type, methods, and locality. Corn starch accounted for about 5-18 USD/MT, or 2%-6% of the anticipated total cash cost of containerboard, at the pricing of USD 17.62/CWT. The corn price had the strongest influence on its net cost.

While corn starch prices rose, gross margins remained stable in the 8-9 USD/cwt range. On the raw commodity front, prices for wheat, corn, and soybeans began to rise in 2020 and were subsequently exacerbated in some cases by dry conditions throughout the 2021 crop season.

For the Year 2020


Domestic corn starch prices in China increased to a record high. The average price of first-grade corn starch for consumption was 2,846.67 RMB/MT in October. Following the two festivals, the price of domestic grain increased again, as did the cost of raw supplies.

The primary concern of starch downstream dealers was that the market price would continue to grow. Resupply demand grew. With downstream demand and cost support, the domestic ex-factory price of the commodity was expected to rise.

The average December price of first-grade corn starch for consumption was 3,160.00 RMB/MT and 3,146.67 RMB/MT, later in the month, a minor reduction of 0.42%. Domestic maize market prices adjusted somewhat lower, raw material costs decreased marginally, and downstream starch purchases were more circumspect. Certain manufacturers reduced the ex-factory pricing marginally. Domestic market corn starch prices went somewhat down in response to the maize price.


France corn starch prices have fluctuated throughout the years. In 2019, the export price increased by 8.674% to 0.52 USD/kg. Exports to Greece, Poland, the United Kingdom, Sweden, and Switzerland were some of the top performing markets for France maize flour per kilogram.

North America

Starch is one of the necessary raw ingredients in papermaking, even if it is not among the greatest cost contributors. Sustained price rises in maize starch might significantly affect the margins of paper packaging makers. US corn starch prices followed the increasing trend in the larger maize market. It contributes to around 1.5% of total US maize demand.

The surge in maize prices that began in August 2020 had been both supply and demand led, a rare and strong combination. On the supply side of the balance sheet, US maize supplies dropped in 2020 owing to drought in the western corn belt and the August 10, 2020 ‘derecho’ storm, which flattened crops through the center of the corn belt. In addition, drought in Brazil, Argentina, and Ukraine led to lower output there, tightening up the world corn supply.

Procurement Resource provides latest prices of Corn Starch. 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.

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Corn starch or better known as maize starch is the starch that is extracted from the corn (maize) grain. The starch is derived from the endosperm of the kernel. Corn starch is a common food ingredient that is often utilised as a thickening agent in sauces or soups, as well as in making corn syrup and even some other kinds of the sugars.

Product Details

Report Features Details
Product Name Corn Starch
Industrial Uses Corn syrup and other sugars, thickening agent, Sauces and soups, adhesives, Paper products, anti-sticking agent, Textile manufacturing
Supplier Database Cargill, Incorporated, Archer Daniels Midland Company, Ingredion Incorporated, Tate & Lyle Plc, Grain Processing Corporation, Roquette Freres, Tereos SA 
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.

Production Processes

  • Production of Corn Starch via Wet-Milling

In this production process, corn is first soaked in water for at least 2 days, in order to ferment a little. This facilitates the separation of germ and endosperm, from which Corn Starch is removed by washing.


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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