Dextrose Prices (Q4 2021)
Concerns over rising prices in the United States led China to dramatically curtail its imports from the United States in December 2021. In the third quarter of 2021, China shifted to Ukraine and Bulgaria for corn imports. The prices decreased in the fourth quarter from their all-time highs in March to match those of wheat as domestic corn production was harvested. By mid-October 2021, the crop’s prices in Shandong province had dropped by 15%, to 409 USD/MT.
Raw material corn prices in the United States fell to 196 USD/MT in October 2021 as the new crop was harvested, boosting supplies, but prices quickly rebounded by the end of the year, rising to 216.52 USD/MT due to the crop’s increased demand on the international market.
In Q4 2021, refined sugar price was at 446 USD/MT in December. Corn prices in the EU began to rise again in the fourth quarter of 2021, reaching 320 USD/MT as China's demand grew due to restricted availability.
In December 2021, in Brazil, the price of raw material cassava was recorded at 124 USD/MT while the price of corn fell in the fourth quarter of 2021 as a result of increased domestic supplies and fresh harvests in the United States. Corn exports in Brazil slowed as farmers were prepared to sell their crop at low prices. The prices fell 5.4% to 202 USD/MT from the previous quarter.
Dextrose Prices (Q1-Q3 2021)
Raw Material maize prices in India fell by 6% to 210 USD/MT in the second quarter of 2021, compared to the previous quarter. Corn prices declined by 9.45 USD/MT to 210.23 USD/MT in August 2021, as extreme weather conditions harmed corn crops in the United States and Brazil, causing prices to climb again.
Price of the raw material, corn, in the United States was 314.94 USD/MT in the second quarter, up 78.73 USD/MT from the previous quarter. Low supplies in Brazil, as well as drought-stricken areas in major maize-producing states like Iowa, kept prices high while China's demand for the crop grew. In the third quarter of 2021, the United States became a big corn exporter due to increased pricing.
In 2021, in Europe, refined sugar price was at 470 USD/MT in January and 480 USD/MT in September. Storms and severe rainfall in Europe harmed raw material maize crops in the summer of 2021. However, certain countries, like as France, saw significant maize yields after receiving favourable moisture content. Maize prices in the EU were largely low in the first quarter of 2021, with a high of 270 USD/MT. Prices continued to grow at the conclusion of the second quarter and reached close to 340 USD/MT in June 2021. Prices hovered around 300–320 USD/MT in the third quarter before dropping to 270 USD/MT by the end of September.
In 2021, in South America, in Brazil raw material cassava price was recorded 83 USD/MT in January, and 101 USD/MT in September. Refined sugar price was 444 USD/MT in January, and 690 USD/MT in September. Raw material corn prices were still on the rise in Brazil by the third quarter of 2021, as the country's national agricultural agency, CONAB, implemented production cuts, resulting in an international increase in its prices. Drought conditions in major producing states, as well as the impact of frost in June, had a significant influence on corn production in Brazil. When compared to domestic market prices, import expenses were lower.
Dextrose Price Overview 2020
In 2020, the price of refined sugar in China was 850 USD/MT in January and 824 USD/MT in December, whereas, in India it was 491 USD/MT and 477 USD/MT, respectively in the two months. The price of raw material, cassava, in Indonesia was recorded at 72 USD/MT, lowest at 68 USD/MT and in Vietnam it was 99 USD/MT in January, which dropped to 94 USD/MT later in the year. Price of raw material, corn, in China increased from 295.8 USD/MT in the first quarter to 409 USD/MT by the end of 2020, owing to record-high corn imports. In 2020, the United States was China's primary maize supplier. Despite China's limited amount of arable land, the country extended the planting areas when maize prices soared. As the country recovered from the African Swine Fever pandemic, demand for the grain grew.
In 2020, the US dextrose price was recorded at 726 USD/MT, up from 699 USD/MT in 2019. Corn prices in the United States grew to 133.26 USD/MT in July 2020, up 6 USD/MT from the previous month. The demand for the crop increased, resulting in this price increase. As a result, production was expanded in order to meet the increasing demand, resulting in lower pricing subsequently. Maize consumption had been low in recent months due to poor demand from chicken farms as a result of the coronavirus outbreak.
In 2020, the price of refined sugar was 400 USD/MT in January and 462 USD/MT in December. Ukraine was a major exporter of corn to China, the Netherlands, Turkey, and Egypt in 2020. The crop’s average price in Ukraine was between 242-261 USD/MT. Ukraine's exports to China increased by 80% in 2020 compared to the previous year. The Ukrainian government abolished its embargo on agricultural land sales in 2020, boosting the country's economic growth.
In Brazil, the raw material cassava price was recorded at 114 USD/MT in January and 90 USD/MT in December. Raw material corn prices in Brazil reached a high of 193.29 USD/MT by the end of the first quarter of 2020. The prices in southern Brazil fell by 6% at the start of the second quarter of April 2020, owing to the arrival of corn imports as well as an increase in safrinha corn production in Mato Grosso. Initially in 2020, a drought in Brazil's southern state of Rio Grande do Sul affected corn crops, lowering total production levels in the country.
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Procurement Resource provides prices of Dextrose for several regions around the globe, which are as follows:
Dextrose, which is similar to glucose, is an example of a simple sugar. It can be extracted naturally from fruits or can be developed industrially via hydrolysis of starch. Dextrose is primarily prepared by plants and most algaes during photosynthesis from water and carbon dioxide. It is extensively used as a sweetener. It also has medical purposes as it is dissolved in solutions that are given intravenously, which can further be mixed with other drugs, or used to improve a person’s blood sugar. This simple sugar can be quickly absorbed by body for energy.
Chemical Formula of Dextrose:
In this process, Dextrose is obtained from the hydrolysis of starch. Starch is hydrolysed in the presence of an enzyme called glucoamylase, which breaks the complex starch molecules into the simpler form, leaving behind dextrose molecules.
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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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