Native Starch Price Trend and Forecast

Regional Price Overview

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

Native Starch Price Trend for the Second Half of 2023

The native starch market is primarily influenced by factors such as growing demand from various end-use industries, including food and beverage, pharmaceuticals, and paper production. Additionally, fluctuations in raw material prices, agricultural trends, and government policies regarding agriculture and food processing also play significant roles.

Native Starch Price Chart

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In the European Agricultural Sector, the native starch market has experienced a consistent decline in prices over recent months, raising concerns among farmers and industry stakeholders. This trend is attributed to several factors reshaping the market dynamics. Plentiful supplies resulting from bumper crops, favorable weather, and increased land cultivation for natives have led to an oversupply of native starch, driving prices downward.

Financial challenges faced by farmers, compounded by disruptions in traditional export routes due to trade disputes and geopolitical tensions, have further contributed to the surplus stocks in Europe. While the food and beverage industry benefits from lower native starch prices, producers of other starches encounter challenges in this evolving market landscape. Despite a pessimistic market outlook, modest price increases were seen by the end of the fourth quarter of 2023, with sufficient inventory to meet market demands.

Analyst Insight

According to Procurement Resource, the price of Native Starch is expected to be based on the limited outlook of the downstream industries and the reduction in consumer interest in this sector.

Native Starch Price Trend for the First Half of 2023

Native Starch is the purest form of Starch that is sourced from the primary carbohydrate crop of any region, for example, potato starch in Asia, corn starch in the USA, and cassava starch in Africa. So, the Native Starch prices fluctuate with the fluctuations in prices of its feedstock crops such as corn, potato, cassava, etc.

Corn starch prices fluctuated throughout the said period in USA and China. The prices mostly remained inclined with some occasional short-lived reverse fluctuations as the demands from both domestic and international markets remained high and inventories kept getting utilized.

Similarly, the corn starch prices showed inclining price trend in most of the global starch markets, as corn production was hampered this year because of unforeseen and unseasonal weather changes affecting feedstock corn availability. While the end consumer demands stayed high throughout the said period. Some stability was observed as Q2 approached an end as the trade started normalizing. Hence, the price trend for Native Starch recorded oscillating pricing fundamentals in the first half of 2023.

Analyst insight

According to Procurement Resource, the Native Starch prices will continue to fluctuate in the upcoming months. The volatile downstream demands, along with feedstock availability and prices, will continue to be the determining factors.

Procurement Resource provides latest prices of Native 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.