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The ongoing conflict of Iran in the Middle East has started showing signs of early volatility in the dextrose market. The current war scenario in the Middle East and disruption in Strait of Hormuz has stirred the supply and production cost dynamics which has left the dextrose market participants on edge. The dextrose prices have experienced a *.** decrease in February, falling from USD ***/MT to USD ***/MT. The market decline in previous month can be attributed to the strategic inventory management by the dextrose buyers who chose to utilize stocks left over from previous production cycles. The end users of dextrose from the confectionery and beverage sectors have shown a decrease in the demand pattern. Several downstream manufacturers have drawn down the previous stocks rather than aggressively dextrose inventory replenishment. The cautious approach in the February has stemmed from careful assessment of market conditions and the preference...
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