For the Quarter Ending March 2026
Liquid Glucose Prices in North America
- In the United States, the Liquid Glucose Price Index increased modestly quarter-over-quarter, driven by firm demand from the food and beverage sector.
- Starch feedstock costs (corn) remained elevated, directly influencing the Liquid Glucose Production Cost Trend across the Midwest.
- Tight domestic rail logistics and limited import parity kept the Liquid Glucose Spot Price supported throughout most of the quarter.
- The Liquid Glucose Demand Outlook remained positive, supported by steady confectionery, bakery, and beverage processing requirements.
- Seasonal restocking ahead of summer production cycles provided an underlying floor to the Liquid Glucose Price Index.
- Strategic inventory drawdowns by major buyers limited upward pressure despite cost-side inflation.
- The Liquid Glucose Price Forecast suggests moderate stability entering Q2 2026, with potential for seasonal softening.
- Major producers operated at elevated utilization rates, minimizing supply disruptions.
Why did the price of Liquid Glucose change in March 2026 in North America?
- Prices increased in March 2026 due to higher corn feedstock costs and sustained downstream demand from industrial bakeries and confectioners.
- Additionally, railcar shortages in the Midwest delayed deliveries, tightening prompt availability and supporting the month-end price increase.
Liquid Glucose Prices in Europe
- In Germany and France, the Liquid Glucose Price Index remained range-bound with a slight upward bias quarter-over-quarter.
- Wheat and corn starch input costs rose due to energy market volatility, shaping the Liquid Glucose Production Cost Trend across the EU.
- The Liquid Glucose Spot Price was supported by reduced import availability from non-EU origins amid stricter trade documentation.
- The Liquid Glucose Demand Outlook was stable, with consistent uptake from pharmaceutical, confectionery, and brewing applications.
- Limited plant turnaround activity in Eastern Europe tightened regional supply, especially during mid-quarter.
- The Liquid Glucose Price Forecast points to modest upward pressure as energy contracts renew in Q2 2026.
- Importers remained cautious due to fluctuating euro exchange rates, influencing spot buying patterns.
Why did the price of Liquid Glucose change in March 2026 in Europe?
- Prices increased moderately in March 2026 because of higher natural gas and starch conversion costs, combined with reduced trucking availability in key logistics hubs.
- Furthermore, pre-Easter production runs by confectionery manufacturers lifted seasonal demand, prompting sellers to adjust the Liquid Glucose Price Index upward.
Liquid Glucose Prices in APAC
- In Indonesia, the Liquid Glucose Price Index rose by 1.10% quarter-over-quarter, driven by import demand.
- The average Liquid Glucose price for the quarter was approximately USD 459.67/MT amid Ramadan procurement.
- Export offers tightened, supporting Liquid Glucose Spot Price strength amid constrained short-term pipeline inventories regionally.
- Supply-side cost inflation and starch input elevated the Liquid Glucose Production Cost Trend across origins.
- Solid Ramadan procurement sustained buying, underpinning the Liquid Glucose Demand Outlook for confectionery and beverage.
- Logistics delays and demurrage marginally affected arrivals, keeping the Liquid Glucose Price Index elevated month-end.
- Forecast scenarios show modest appreciation consistent with the Liquid Glucose Price Forecast and inventory cycles.
- Origin operating rates remained stable, with Thai and Chinese mills supplying volumes, moderating spot discounting.
Why did the price of Liquid Glucose change in March 2026 in APAC?
- Indonesian rupiah weakness significantly raised landed costs, prompting sellers to pass higher freight and insurance.
- Steady confectionery and beverage demand maintained import volumes, limiting downward pressure despite adequate external availability.
- Logistical and insurance cost pressures combined with feedstock-linked input inflation supported modest price increases regionally.
For the Quarter Ending December 2025
North America
- In North America, the Liquid Glucose Price Index fell modestly quarter-over-quarter, reflecting adequate domestic production and steady import volumes.
- The average Liquid Glucose price for the quarter was approximately USD 510.00/MT, based on CFR U.S. Gulf Coast assessments.
- Liquid Glucose Spot Prices softened, as distributors drew from existing stocks and delayed incremental purchases amid sufficient availability.
- The Liquid Glucose Price Forecast signals limited near-term gains, assuming steady corn-derived feedstock and continued balanced imports.
- Liquid Glucose Production Cost Trend remained stable, supported by moderate corn prices and efficient domestic processing.
- Liquid Glucose Demand Outlook stayed steady, with confectionery and beverage formulators adopting hand-to-mouth buying amid seasonal slowdown.
- Elevated warehouse stocks and normal port operations tempered pricing pressure, preventing sharp month-on-month increases.
- Domestic production and predictable import arrivals ensured supply continuity, maintaining a broadly range-bound market.
Why did the price of Liquid Glucose change in December 2025 in North America?
- Adequate domestic output and balanced import arrivals reduced urgency for spot purchasing, pressuring the Price Index.
- Stable corn feedstock and minimal energy-cost fluctuations limited production cost pass-through.
- Downstream formulators maintained measured, seasonal buying, preventing strong upward momentum in the Liquid Glucose market.
APAC
- In Indonesia, the Liquid Glucose Price Index fell by 7.02% quarter-over-quarter, reflecting ample regional oversupply.
- The average Liquid Glucose price for the quarter was approximately USD 454.67/MT amid import-dominated parity.
- Liquid Glucose Spot Price eased as duty-free ASEAN cargoes undercut offers, swelling Jakarta port inventories.
- The Liquid Glucose Price Forecast remains cautious in January, assuming import flows and muted buying.
- Liquid Glucose Production Cost Trend stayed flat as corn and cassava prices eased, limiting pressures.
- Liquid Glucose Demand Outlook is steady; downstream confectionery and beverage sectors maintained measured, hand-to-mouth purchasing.
- Liquid Glucose Price Index weakness reflected higher importer stocks, brisk ASEAN exports, steady domestic operations.
- Freight stability and port performance lowered delivered costs, enabling exporters to offer competitive import prices.
Why did the price of Liquid Glucose change in December 2025 in APAC?
- High ASEAN export volumes increased Jakarta arrivals, raising port stocks and reducing prompt purchasing urgency.
- Stable rupiah and eased freight lowered landed costs, preventing currency-driven price support for local offers.
- Domestic production steady but overshadowed by imports; flat feedstock costs failed to reverse price declines.
Europe
- In Europe, the Liquid Glucose Price Index softened slightly quarter-over-quarter, reflecting steady imports from Southeast Asia and sufficient domestic production.
- The average Liquid Glucose price for the quarter was approximately USD 525.00/MT, based on CFR Northwest Europe assessments.
- Liquid Glucose Spot Prices remained range-bound, as distributors relied on existing warehouse stocks and limited incremental procurement.
- The Liquid Glucose Price Forecast indicates mild near-term firmness only if unexpected import delays or feedstock volatility occur.
- Liquid Glucose Production Cost Trend was largely neutral, supported by stable corn and starch feedstock prices across Europe.
- Liquid Glucose Demand Outlook stayed steady, with confectionery and beverage formulators maintaining hand-to-mouth buying amid post-holiday slowdown.
- Balanced warehouse inventories and predictable import schedules limited sharp price swings, keeping the Price Index stable.
- Domestic producers maintained normal operating rates, allowing imports to complement supply and avoid sudden tightness.
Why did the price of Liquid Glucose change in December 2025 in Europe?
- Steady import flows and adequate domestic output reduced urgency for spot purchases, softening pricing.
- Stable corn and starch feedstock costs limited production cost pressures, constraining upward price movement.
- Hand-to-mouth procurement from downstream processors and predictable port operations kept the Price Index broadly range-bound.
For the Quarter Ending September 2025
North America
- In North America, the Liquid Glucose Price Index fell by ~6.0% quarter-over-quarter amid soft food industry demand and ample export availability.
- The average Liquid Glucose price for the quarter was approximately USD 495.00/MT, CFR New Orleans basis (conservative estimate based on export parity and domestic transactions).
- Liquid Glucose Spot Price remained weak as wholesalers and food processors ran down inventories rather than replenish.
- Liquid Glucose Price Forecast points to modest firming into Q4 with seasonal bakery demand and holiday production potentially increasing procurement.
- Liquid Glucose Production Cost Trend improved as domestic maize prices eased and plant utilization rose following maintenance completion.
- Liquid Glucose Demand Outlook is subdued but could firm if foodservice and packaged food restocking accelerates.
- Liquid Glucose Price Index stability reflected steady port throughput, inland trucking capacity, and predictable export logistics, limiting abrupt price moves.
- Major domestic producers continued regular shipments, and competitive export offers kept spot availability ample.
Why did the price of Liquid Glucose change in September 2025 in North America?
- High downstream inventories and muted procurement lowered immediate demand, pressuring spot prices and the Price Index.
- Falling maize prices reduced production costs, enabling exporters and domestic suppliers to offer competitively.
- Smooth port and trucking operations avoided freight-driven cost increases, so market fundamentals (demand/inventory) determined price direction.
APAC
- In Indonesia, the Liquid Glucose Price Index fell by 6.68% quarter-over-quarter, due to weak demand.
- The average Liquid Glucose price for the quarter was approximately USD 489.00/MT, CFR Jakarta basis.
- Liquid Glucose Spot Price remained soft as abundant exports pressured the Price Index, narrowing margins.
- Liquid Glucose Price Forecast points to modest recovery as seasonal buying gradually counterbalances inventory overhang.
- Liquid Glucose Production Cost Trend improved as maize prices fell, enabling competitive export offers abroad.
- Liquid Glucose Demand Outlook remains muted with food and beverage buyers maintaining conservative procurement levels.
- Liquid Glucose Price Index stability reflected smooth logistics and uninterrupted imports, preventing transient supply-driven spikes.
- Major exporters operated steadily, providing ample offers prolonging downward pressure on Indonesia's Price Index nationwide.
Why did the price of Liquid Glucose change in September 2025 in APAC?
- High downstream inventories reduced urgent buying, limiting demand-led price support despite steady import flows nationwide.
- Lower maize prices eased production cost trends, enabling exporters to offer and pressure domestic prices.
- Smooth logistics and stable rupiah prevented logistical premiums, keeping landed costs predictable and suppressing volatility.
Europe
- In Europe, the Liquid Glucose Price Index fell by ~5.5% quarter-over-quarter, pressured by weak industrial demand and competitive import offers.
- The average Liquid Glucose price for the quarter was approximately USD 520.00/MT, CFR Rotterdam basis (conservative estimate reflecting varied regional quotes).
- Liquid Glucose Spot Price remained soft as processors and large bakers deferred restocking and distributors cleared inventories.
- Liquid Glucose Price Forecast points to a gradual recovery into Q4 if seasonal baking demand and confectionery restocking materialize.
- Liquid Glucose Production Cost Trend improved modestly due to lower maize/glucose feedstock imports and moderate energy costs.
- Liquid Glucose Demand Outlook remains muted with food & beverage buyers keeping conservative procurement ahead of year end promotions.
- Liquid Glucose Price Index stability reflected reliable port throughput and inland distribution, which contained short-term supply shocks.
- Major exporters and regional packers supplied ample offers, sustaining downward pressure while logistics kept flows steady.
Why did the price of Liquid Glucose change in September 2025 in Europe?
- Elevated downstream inventories and weak immediate procurement reduced buying urgency, pushing spot offers lower.
- Lower maize/feedstock import costs eased production-cost baselines, allowing suppliers to maintain competitive pricing.
- Efficient port operations and stable EUR freight dynamics prevented landed-cost spikes, so price moves were demand-driven.
For the Quarter Ending June 2025
Asia-Pacific (APAC)
- Liquid Glucose Spot Price in the Indonesian import market showed a marginally bearish trajectory with a Q2 softening trend driven by subdued offtake from the food, beverage and nutraceutical sectors, which operated on a need-only basis throughout the quarter.
- The Liquid Glucose Demand Outlook was conservative in Q2 as downstream buyers relied on earlier inventories. There were no seasonal triggers post-April and most buyers preferred minimal procurement during May and June.
- Import arrivals remained undisrupted and there were no signs of production bottlenecks or shipment delays. The market was well-supplied due to stable production flows from key origins like India which ensured product availability throughout the quarter.
- Comfortable inventory levels from early-quarter stockpiling efforts meant that downstream industries refrained from aggressive replenishment. This inventory overhang played a critical role in flattening price trends in May and June.
- Liquid Glucose prices rose in April 2025 due to seasonal demand linked to warmer temperatures and increased consumption of beverages and desserts. Favorable currency exchange rates also prompted pre-emptive bulk procurement, tightening immediate availability.
- In May, international maize prices dropped, lowering the Liquid Glucose Production Cost Trend in exporting countries like India. This shift translated into reduced import offers for Indonesia, pulling prices further down during the month.
- The Liquid Glucose Price Index for CFR Jakarta averaged USD 520/MT in June 2025, reflecting a 0.38% decline from the previous month due to weak transactional activity.
Why did the price change in July 2025?
- In July 2025, Liquid Glucose Spot Price in Indonesia likely continued its downward correction due to persistent inventory coverage, lack of seasonal demand triggers, and ongoing conservative procurement. The absence of fresh restocking cycles reinforced supplier caution, keeping offers low.
- The Liquid Glucose Price Forecast for Q3 suggests muted momentum unless external triggers like festive demand or feedstock price shifts emerge. Without these, prices are expected to hover in a narrow band or decline further.
North America
- North America's Liquid Glucose market remained balanced in Q2 2025 with a steady supply-demand equation. Food and beverage sector demand was consistent but unspectacular, sustaining moderate transactional activity.
- The Liquid Glucose Production Cost Trend in the U.S. remained under mild pressure due to fluctuations in corn pricing. While costs were not volatile, soft corn prices contributed to stable-to-lower production margins.
- Large downstream buyers adopted just-in-time procurement strategies amid cautious consumer sentiment and limited promotional activity. The Liquid Glucose Demand Outlook remained flat through Q2.
- Exporters to Latin America and Canada maintained competitive pricing but avoided overstocking strategies, helping avoid regional supply glut and supporting a narrow price corridor.
- No supply chain disruptions were recorded across production plants or distribution hubs. On-time dispatches and strong logistics kept the Liquid Glucose Spot Price stable across regional hubs.
Why did the price change in July 2025?
- Liquid Glucose Spot Price in North America in July 2025 likely saw a modest decline as downstream demand stayed flat and corn prices did not offer bullish cost support. With steady availability and cautious buying, pricing momentum weakened.
- Q2 inventories were moderately stocked, with producers aligning output to order books to avoid surplus. No aggressive destocking was observed, but forward buying remained absent.
- While exact figures are not available, the Liquid Glucose Price Index for June 2025 in North America ranged around USD 530–550/MT, reflecting a neutral to mildly bearish trend.
- The Liquid Glucose Price Forecast for Q3 2025 points to mild downward bias, unless supported by rising ethanol demand or corn cost inflation, which could impact syrup derivatives.
Europe
- In Europe, the Liquid Glucose Demand Outlook from bakery and dairy sectors showed seasonal uplift in April, followed by a softening trend through May and June as weather normalized and macroeconomic uncertainty returned.
- European starch processors benefited from cheaper maize and wheat supplies, mirroring global agricultural trends. This eased the Liquid Glucose Production Cost Trend and encouraged competitive domestic pricing.
- European buyers leaned more on domestic supply due to favourable euro-zone pricing and avoided higher-cost Asian imports. This preference stabilized Liquid Glucose Spot Prices locally.
- Production units in France, Germany, and the Netherlands operated without disruptions, allowing exporters to maintain contractual volumes across the EU and neighbouring markets.
Why did the price change in July 2025?
- The Liquid Glucose Spot Price in Europe likely saw a mild decline in July 2025 due to stabilized feedstock pricing, inventory sufficiency, and weak summer beverage demand. Sellers avoided aggressive price hikes amid neutral restocking.
- Buyers showed minimal appetite for long-term deals, focusing on monthly procurement. Strategic inventory planning limited bulk deals and contributed to muted price momentum.
- The Liquid Glucose Price Index in Europe for June 2025 is estimated at USD 540–555/MT, staying mostly rangebound through the quarter.
- The Liquid Glucose Price Forecast for Q3 remains sideways to slightly bearish, with any upward shift contingent on maize cost inflation or sudden demand from industrial sweetener applications.
- European exporters did not report capacity constraints or oversupply, and thus avoided steep discounts. However, competitive pricing pressure from Asia was noticeable in Mediterranean and Eastern European destinations.
