Dextrose prices experienced a moderate drop in major global markets in April, indicating a significant realignment in the international sweetener market. The leading exporter, China, led the downtrend as manufacturers aggressively cut prices to liquidate overstock.
Domestic deflation of x.xx coupled with corn harvests exceeding last year&#xx;s production by xx created ideal conditions for price reductions. Despite Yuan depreciation, dextrose prices continue their downward trajectory as manufacturers rely primarily on locally sourced raw materials.
Chinese exporters adjusted export prices lower to $xxx/MT FOB Shanghai, a correction following a major x.xxx price increase in March. The move consists of increased port traffic at major ports like Shanghai and Ningbo-Zhoushan, where container ship traffic increased to xxx vessels during April, underpinning stronger global dextrose supply flows.
The logistics situation has significantly improved, lending to lower transport costs. The Shanghai-Ningbo port congestion slightly lessened, with ships waiting to...
