For the Quarter Ending March 2026
Corn Syrup Prices in APAC
- In South Korea, the Corn Syrup Price Index rose by 6.25% quarter-over-quarter, driven by import restocking.
- The average Corn Syrup price for the quarter was approximately USD 578.00/MT, according to market assessments.
- Corn Syrup Spot Price firmed mid-March as freight increases and war-related risk premiums raised landed cost expectations.
- Corn Syrup Price Forecast points to modest upside near term, driven by elevated logistics and cautious restocking.
- Corn Syrup Production Cost Trend stayed subdued,d given stable feed corn supplies and limited utility or freight spikes.
- Corn Syrup Demand Outlook remains balanced with confectionery and bakery demand steady, while beverage restocking gradually increases.
- Corn Syrup Price Index movements were tempered by ample origin offers, comfortable Busan inventories, and flat freight.
- Major wet-millers operated near design rates, maintaining a steady domestic supply and limiting spot market volatility across ports.
Why did the price of Corn Syrup change in March 2026 in APAC?
- Rising Shanghai–Busan freight and war-risk insurance increased landed costs, prompting importers and traders to raise CFR offers.
- South Korean won weakness elevated dollar-denominated import costs, reducing margin buffers and supporting firmer supplier pricing.
- Ample origin supply and comfortable port inventories limited immediate shortages, but geopolitical logistics concerns sustained purchasing caution.
Corn Syrup Prices in Europe
- In Turkey, the Corn Syrup Price Index rose by 5.20% quarter-over-quarter, driven by export demand.
- The average Corn Syrup price for the quarter was USD 654.67/MT, reflecting stable national inventories.
- Corn Syrup Spot Price firmed in March as energy-linked transport costs and export enquiries increased.
- Corn Syrup Production Cost Trend rose due to higher corn starch and elevated energy tariffs.
- Corn Syrup Demand Outlook shows steady confectionery and beverage purchasing, with seasonal restocking supporting volumes.
- Corn Syrup Price Forecast suggests further upside into peak season if geopolitical risks elevate freight.
- Corn Syrup Price Index momentum turned bullish as inventories tightened and exporters raised FOB offers.
- Local wet-milling plants ran normally, limiting supply shocks but amplifying price sensitivity to feedstock moves.
Why did the price of Corn Syrup change in March 2026 in Europe?
- Elevated corn starch and energy costs tightened producer margins, transmitting upward pressure to FOB assessments.
- Geopolitical tensions raised freight and insurance rates, significantly increasing logistics costs across Mersin export corridors.
- Balanced domestic demand with comfortable inventories, limited price relief, enabling spot buyers to accept firmer offers.
Corn Syrup Prices in MEA
- In South Africa, the Corn Syrup Price Index rose by 6.39% quarter-over-quarter, reflecting import availability.
- The average Corn Syrup price for the quarter was approximately USD 743.33/MT amid balanced logistics.
- Corn Syrup Spot Price rose as freight premiums and war-risk sentiment pushed higher landed costs.
- Corn Syrup Price Forecast signals upward bias, supported by logistics cost pressure and cautious restocking.
- Corn Syrup Production Cost Trend showed higher corn-starch and bunker expenses, modestly compressing refinery margins.
- Corn Syrup Demand Outlook steady as beverage and confectionery replenishment matched quantities, limiting spot buying.
- Balanced inventories and Durban logistics kept the Corn Syrup Price Index contained despite upward impulses.
- Chinese exports and domestic refinery runs preserved supply, moderating volatility and supporting market functioning overall.
Why did the price of Corn Syrup change in March 2026 in MEA?
- Rand depreciation increased dollar-denominated landed costs while steady import arrivals maintained volumes, netting upward pressure.
- Rising corn-starch and bunker charges raised production and transport expenses, influencing CFR offers and trader margins.
- Geopolitical tensions elevated war-risk premiums and freight uncertainty, prompting higher offers and cautious importer strategies.
Corn Syrup Prices in North America
- In the USA, the Corn Syrup Price Index rose by 1.97% quarter-over-quarter, supported by tighter yields and renewed buying.
- The average Corn Syrup price for the quarter was approximately USD 794.67/MT, reflecting balanced fundamentals.
- Corn Syrup Spot Price strengthened late March amid spot tightness as processors trimmed run-rates, reducing immediate availability.
- Corn Syrup Price Forecast indicates modest near-term upside driven by energy cost pressures and constrained yields.
- Corn Syrup Production Cost Trend rose with higher corn starch and elevated energy, tightening producer margins modestly.
- Corn Syrup Demand Outlook remains steady as beverage and confectionery restocking offsets localized export interest.
- Corn Syrup Price Index momentum turned bullish in March following synchronized equity gains and tightening processing yields.
- Export demand from Mexico provided incremental uptake while inventories at Houston terminals remained tighter than seasonal norms.
Why did the price of Corn Syrup change in March 2026 in North America?
- Tightening yields and reduced syrup yields prompted lower processing output and constrained spot availability in March.
- Rising corn starch and elevated energy costs increased conversion expenses, pressuring seller offers upward during March.
- Geopolitical tensions elevated freight and insurance costs, reducing trade flexibility and supporting firmer FOB quotations.
For the Quarter Ending December 2025
Corn Syrup Price in North America
- In the USA, the Corn Syrup Price Index rose by 0.82% quarter-over-quarter, fueled by exports.
- The average Corn Syrup price for the quarter was approximately USD 779.33/MT, reflecting FOB flows.
- Corn Syrup Spot Price stayed range-bound; inventories balanced with steady Gulf loadings and limited disruptions.
- Corn Syrup Price Forecast shows year-end upside from seasonal confectionery restocking and increased export tenders.
- Corn Syrup Production Cost Trend saw pressure from firmer corn futures and ethanol-driven feedstock competition.
- Corn Syrup Demand Outlook stays stable as beverage and confectionery restocking offsets recipe reformulation pressures.
- Corn Syrup Price Index reflected spot offers amid tighter finished-goods inventories and normalized Gulf logistics.
- Major wet-mill operations ran near capacity, supporting steady supply reliability and constraining acute volatility risks.
Why did the price of Corn Syrup change in December 2025 in North America?
- Elevated corn harvest volumes increased feedstock availability, reducing hydrolysis margins and easing upward pricing pressure.
- Export restocking ahead of holidays tightened finished-goods stocks temporarily, supporting modest upward moves mid-quarter demand.
- Logistics normalization on the lower Mississippi reduced shipping delays and eased FOB timing uncertainty.
Corn Syrup Price in APAC
- In South Korea, the Corn Syrup Price Index fell by 1.51% quarter-over-quarter, reflecting bearish supply.
- The average Corn Syrup price for the quarter was approximately USD 544.00/MT on import-weighted basis.
- Corn Syrup Spot Price remained muted as recent imports and Busan logistics constrained short-term volatility.
- Corn Syrup Price Forecast suggests upside into 2026 supported by seasonal restocking and firmer offers.
- Corn Syrup Production Cost Trend experienced slight pressure from higher landed corn and freight surcharges.
- Corn Syrup Demand Outlook remains positive as confectionery and bakery restocking lifts offtake for holidays.
- Price Index readings showed firming in November driven by KRW weakness and higher CFR offers.
- Inventories at converters stayed near average, limiting rapid upside while keeping a bullish Price Index.
Why did the price of Corn Syrup change in December 2025 in APAC?
- KRW depreciation elevated landed costs, passing through to CFR Busan quotations and supporting domestic offers.
- Holiday restocking increased confectionery and bakery offtake, tightening short-term availability and underpinning incremental price support.
- Consistent seaborne inflows and mill output kept inventories comfortable, moderating upward pressure despite feedstock concerns.
Corn Syrup Price in Europe
- In Turkey, the Corn Syrup Price Index rose by 3.04% quarter-over-quarter, driven by weaker lira.
- The average Corn Syrup price for the quarter was approximately USD 622.33/MT, based on FOB.
- Corn Syrup Spot Price firmed on tightening inventories and steady regional export interest supporting offers.
- Corn Syrup Price Forecast projects modest month-on-month gains into early 2026, moderated by inventory normalization.
- Corn Syrup Production Cost Trend showed containment due to flat gas tariffs and corn feedstock.
- Corn Syrup Demand Outlook stays firm from confectionery and bakery sectors, beverage reformulations constrain growth.
- Corn Syrup Price Index stayed constructive as exporters held offers and processor inventories remained comfortable.
- Major wet-milling plants operated near capacity, Mersin port logistics remained fluid, supporting consistent shipments, offers.
Why did the price of Corn Syrup change in December 2025 in Europe?
- Reduced Black Sea shipments and adjusted duty-free quotas tightened import availability, elevating dollar-denominated procurement costs.
- Sustained food processing offtake and export orders supported demand despite elevated domestic inflation and reformulations.
- Weaker lira increased dollar FOB values, while stable natural-gas tariffs limited larger production cost escalation.
Corn Syrup Price in MEA
- In South Africa, the Corn Syrup Price Index rose by 0.96% quarter-over-quarter, reflecting currency pass-through.
- The average Corn Syrup price for the quarter was approximately USD 698.67/MT, reflecting import-weighted costs.
- Corn Syrup Spot Price remained muted due to steady imports, efficient Durban logistics and inventories.
- Corn Syrup Price Forecast shows modest firmness into early 2026 driven by seasonal beverage restocking.
- Corn Syrup Production Cost Trend tightened with firmer corn futures, rand weakness lifting CIF costs.
- Corn Syrup Demand Outlook is supportive from beverage and confectionery offtake ahead of year-end runs.
- Corn Syrup Price Index stability reflects balanced supply, steady port throughput, and limited demurrage exposure.
- Inventory levels remained adequate, capping upside while export flows exerted negligible tightening pressure on markets.
Why did the price of Corn Syrup change in December 2025 in MEA?
- Rand depreciation raised USD-denominated import costs, translating into higher CFR Durban offers for corn syrup.
- Steady beverage and confectionery call-offs increased offtake seasonally, tightening merchant availability despite balanced overall inventories.
- Stable freight rates and prompt port operations limited demurrage, preventing premium pass-through to spot pricing.
For the Quarter Ending September 2025
North America
- In the USA, the Corn Syrup Price Index rose by 1.00% quarter-over-quarter, on tighter inventories.
- The average Corn Syrup price for the quarter was approximately USD 773.00/MT, reflecting domestic demand.
- Corn Syrup Spot Price firmed on feedstock tightness, with the Price Index showing upward bias.
- Corn Syrup Price Forecast signals volatility; Corn Syrup Production Cost Trend remains elevated by corn.
- Corn Syrup Demand Outlook is constructive domestically; export interest increases could support the Price Index.
- Tight inventories mid-quarter and steady export inquiries constrained availability, providing support to the Price Index.
- Manufacturing run rates stable, logistics efficient, keeping Corn Syrup Spot Price volatility contained near seasonal.
- Short-term Price Forecast suggests correction; end-year restocking and seasonal demand could restore Corn Syrup momentum.
Why did the price of Corn Syrup change in September 2025 in North America?
- Tighter inventories and firm domestic procurement reduced available volumes, exerting upward pressure on the Price Index.
- Rising corn feedstock costs increased production cost base, altering the Corn Syrup Production Cost Trend significantly.
- Improved logistics and steady export inquiries supported buying, although tariff uncertainty limited larger transactional commitments.
APAC
- In South Korea, the Corn Syrup Price Index fell by 3.66% quarter-over-quarter, due to ample inventories.
- The average Corn Syrup price for the quarter was USD 552.33/MT, per weekly CFR Busan.
- Corn Syrup Spot Price reflected twelve-week weakening trend as exporters lowered offers amid ample supplies.
- Corn Syrup Price Forecast expects gradual firming with seasonal restocking and controlled supplier inventory withdrawals.
- Corn Syrup Production Cost Trend saw pressure as rising freight partially offset lower feedstock costs.
- Corn Syrup Demand Outlook remains muted as food processors delay purchases amid elevated onshore inventory.
- Corn Syrup Price Index volatility reflected imports and buyer resistance, constraining transactional volumes and offers.
- Export demand softened; local suppliers discounted inventories to clear stock, keeping immediate upward pressure restrained.
Why did the price of Corn Syrup change in September 2025 in APAC?
- Ample import and domestic inventories suppressed buying urgency, motivating suppliers to cut offers and shipments.
- Currency and feedstock shifts reduced landed costs overall, though rising freight partially offset import savings.
- Subdued downstream demand from food processors and cautious restocking kept transactional volumes low across supply chain.
Europe
- In Turkey, the Corn Syrup Price Index fell by 2.21% quarter-over-quarter, due to inventory and weak exports.
- The average Corn Syrup price for the quarter was approximately USD 604.00/MT, reflecting subdued buying.
- Corn Syrup Spot Price posted modest gains amid tightening inventories and cautious food processor procurement.
- Corn Syrup Price Forecast indicates moderate gains from seasonal restocking and improved logistics, limiting volatility.
- Corn Syrup Production Cost Trend rose on higher corn starch feedstock prices and currency depreciation.
- Corn Syrup Demand Outlook remains mixed with domestic restocking offsetting subdued export orders and procurement.
- Rising inventories pressured the Corn Syrup Price Index, while gradual export recovery supported recent firmness.
- Plant maintenance cut output, tightening supplies and underpinning Corn Syrup Spot Price amid weak demand.
Why did the price of Corn Syrup change in September 2025 in Europe?
- Supply overhang from high inventories and softer exports depressed near-term Corn Syrup Price Index performance.
- Elevated corn starch costs and currency depreciation raised production costs, tightening margins and supporting price.
- Higher freight rates and logistics disruptions reduced export competitiveness, weighing on procurement and transactional demand.
MEA
- In South Africa, the Corn Syrup Price Index rose by 0.78% quarter-over-quarter, amid inventory shifts.
- The average Corn Syrup price for the quarter was approximately USD 692.00/MT amid subdued demand.
- Corn Syrup Spot Price edged lower as Price Index reflected softer offers and ample inventories.
- Corn Syrup Price Forecast indicates recovery toward year-end driven by pre-holiday procurement and tightened availability.
- Corn Syrup Production Cost Trend rose abroad, raising landed costs and tempering local pricing momentum.
- Corn Syrup Demand Outlook remains muted near-term as food processors delay restocking amid elevated inventories.
- Corn Syrup Price Index remained stable as CFR Durban arrivals and steady freight supported continuity.
- Export demand weakness and supplier inventory management kept spot discussions range-bound and transactional volumes subdued.
Why did the price of Corn Syrup change in September 2025 in MEA?
- Ample imports and inventory availability reduced urgency, exerting downward pressure on Corn Syrup Price Index.
- Reduced export offers and steady freight lowered landed costs, moderating Corn Syrup Spot Price pressure.
- Weak demand and cautious procurement from food processors kept trade volumes and Price Index subdued.
For the Quarter Ending June 2025
North America
- Corn Syrup Price Index (High Maltose, Food Grade) FOB Houston registered a marginal 0.78% increase in June 2025, extending the bullish trend seen since April.
- Spot Price stood at USD 776/MT in June 2025, marking a continued upward adjustment driven by cost-side pressures and procurement momentum.
- June saw firm pricing supported by higher Corn Starch feedstock costs, strong export demand, and low inventory levels despite stable production.
- May recorded a 2.67% price rise amid regional flooding disruptions, tight stocks, and strong seasonal demand from food and confectionery sectors.
- April saw a sharp price jump as global maize supply tightened, corn costs surged, and major production halts disrupted domestic output.
- Production Cost Trend remained elevated through Q2 due to raw material inflation, especially Corn Starch, and broader energy and labor cost increases.
- Demand Outlook was robust across all three months, backed by strong orders from food and beverage processors, consistent domestic offtake, and export recovery.
- Export Competitiveness improved in April–May as tariff uncertainties eased temporarily, boosting overseas interest before stabilizing in June.
- Inventory Dynamics showed persistently low levels, prompting proactive restocking across the supply chain, especially in May and June.
- A slight decline is anticipated in July 2025 as demand eases post-peak and inventories recover across the domestic market.
Europe
- Corn Syrup Price Index in Turkey declined sharply in June 2025, with prices falling by 7.02% amid persistent inventory pressure and sluggish downstream procurement.
- Spot Price for Corn Syrup (High Maltose, Food Grade) FOB Mersin stood at USD 587/MT, reflecting the lowest level in three months.
- June witnessed a notable price correction as weak export orders, high stockpiles, and slower international demand weighed heavily on market sentiment.
- May saw a moderate 0.95% increase, supported by tight inventories, currency depreciation, and steady demand from food processors and confectionery sectors.
- April experienced a minor price decline due to soft domestic consumption, elevated inflation, and weaker industrial output, despite improved export competitiveness.
- Production Cost Trend remained mixed, with falling domestic corn prices offering some relief, although rising freight and energy costs added pressure in June.
- Demand Outlook was bearish in June due to stock overhangs and cautious downstream buying, reversing the firm offtake seen in May.
- Export Competitiveness weakened in June as overseas orders hit a quarterly low, despite favorable currency exchange rates.
- Inventory Dynamics showed a buildup in June, with post-production inventories rising and fresh purchasing activity slowing across key sectors.
- Price Forecast (July 2025): Prices are expected to increase modestly as suppliers attempt upward revisions amid restocking interest and seasonal consumption recovery.
APAC
- Price Index for Corn Syrup in South Korea declined by 4.27% in June 2025, continuing the downward trajectory from May amid weak demand and inventory overhang.
- Spot Price CFR Busan for Corn Syrup (High Maltose, Food Grade) stood at USD 560/MT, marking the lowest point in Q2.
- June witnessed a sharp price drop due to reduced Chinese export offers, subdued food sector offtake, and favorable Won-dollar exchange movement, despite rising freight.
- May registered a 1.74% price increase supported by higher landed costs, recovery in manufacturing activity, and firm consumption from food and beverage producers.
- April saw a notable surge in prices amid constrained domestic supply, higher maize costs globally, and improving downstream demand from the food and pharma sectors.
- Production Cost Trend declined in June due to falling import prices, although freight inflation added pressure; Q2 average costs were volatile but ended softer.
- Demand Outlook remained sluggish in June, with buyers deferring fresh orders due to high stocks and cautious procurement strategies; consumption outlook improves for July.
- Export Competitiveness improved during June with Chinese suppliers offering aggressive discounts, enhancing import viability for Korean buyers.
- Inventory Dynamics remained high in June, curbing urgency for new procurement; stocks are expected to normalize gradually in Q3.
- Price Forecast (July 2025): Prices are expected to increase moderately as buyers return to market on seasonal cues and replenishment activity revives demand.
MEA
- Price Index in South Africa declined by 0.72% in June 2025, reversing the upward momentum seen in the previous two months as the market faced import-led price softness.
- Spot Price CFR Durban for Corn Syrup (High Maltose, Food Grade) was assessed at USD 685/MT in June, reflecting subdued demand and ample inventory.
- June recorded a marginal price drop driven by reduced export offers from China and Europe, weak food sector consumption, and high domestic stockpiles; favorable ZAR/USD exchange rates further eased landed costs.
- May saw a slight 0.73% increase, supported by elevated freight rates and firmer quotations from Chinese exporters amid global logistics tightness; downstream food and beverage consumption remained moderately positive.
- April prices surged by 3.01% due to constrained local supply, stronger industrial recovery, and higher global maize prices, with additional cost pressure from a depreciated Rand.
- Production Cost Trend softened in June due to cheaper imports and stable corn prices, though rising shipping charges partially offset the benefit.
- Demand Outlook was weak in June, with buyers delaying procurement given sufficient stock and muted offtake from food processing sectors; restocking is anticipated to improve in July.
- Export Competitiveness of Chinese and EU-origin corn syrup improved in June amid aggressive discounting and currency advantages, encouraging higher import volumes.
- Inventory Dynamics remained elevated, limiting fresh orders and prompting suppliers to clear stocks at discounted rates; inventory levels are expected to normalize gradually in Q3.
- Price Forecast (July 2025): Prices are expected to rise modestly as buyers return to the market for seasonal replenishment and import costs begin to firm with stronger freight and renewed demand.
