For the Quarter Ending March 2023
North America
In the North American region, Potato Starch followed the fluctuating price trajectory in the first quarter of 2023. With prices climbing in January, the US Potato Starch market got the first quarter off to a better start. Rising import costs from EU nations put pressure on Potato Starch prices in the US. Additionally, the market for the product was harmed by rising inflation and rising feedstock prices for potatoes. However, these values subsequently fell in February due to downstream companies' strong wait-and-see stance, which compelled US suppliers to lower their pricing to increase orders. By the conclusion of the quarter, the product's price had decreased as a result of decreased demand from the downstream pharmaceutical business and available inventories. Thus, rising to USD 1340/MT in March from USD 1200/MT in January, an unstable market was seen in the prices of Potato Starch.
Asia- Pacific
In the first quarter of 2023, Potato Starch prices in the Asia Pacific region experienced a swing in the market, supported by a lingering downstream demand from a variety of end-user pharmaceutical and food sectors. With prices climbing sharply to USD 1360/MT as a result of cost transmission in some areas, the Potato Starch market in China got off to a strong start for the quarter. Due to the inadequate supply of potatoes as a feedstock among Chinese producers, Potato Starch inventories decreased at the forefront of delayed production operations in the domestic market. Prior to plummeting in March, prices began to stabilize towards the lower side as November rolled around. The majority of downstream starch transactions kept a staunch wait-and-see attitude as a result of the significant decline in Potato Starch pricing that took place in H1 of Q1. Thus, by the end of Q1, the FOB Shanghai prices for Potato Starch in China were assessed at USD 1290/MT.
Europe
In the European region, the price of Potato Starch displayed fluctuating price trajectory during the entire first quarter of 2023. The price fluctuated from USD 1300/MT in January to USD 1100/MT in March. Reduced potato production in the European Union had an impact on how Potato Starch was processed in the manufacturing unit. Within a fairly short period of time, the oversupply of starch on the German market was replaced by scarcity. The majority of Potato Starch manufacturers in Germany struggled to supply their current customers, which left them with almost no room for new clients. Trade sources report that there has been a healthy and rising demand from end-user industries over the last month, including the local and global food and pharmaceutical sectors, with values in Germany edging up.
For the Quarter Ending December 2022
North America
In the North American region, Potato Starch followed the seesaw price trajectory in the fourth quarter of 2022. The US Potato Starch market started the quarter on a higher note, with prices rising upto 1.2% in October. In the USA, Potato Starch price pressure came from rising import costs from EU countries. Moreover, increasing inflation and surging feedstock Potato prices also impacted the product market. However, these values eventually decreased in November as downstream entities were in a solid wait-and-see attitude, forcing US suppliers to cut their prices to increase orders. By the end of the year, soaring demand from the downstream pharmaceutical industry for the product, coupled with a shortage of inventories, resulted in a price increase. Thus, rising to USD 1310/MT in December from USD 1280/MT in November, a gain of 2.3% was seen in the prices of Potato Starch.
Asia- Pacific
In the fourth quarter of 2022, Potato Starch prices in the Asia Pacific region experienced a swing in the market, supported by a lingering downstream demand from a variety of end-user pharmaceutical and food sectors. The Potato Starch market in China started the quarter off well, with prices rising significantly to USD 1360/MT as a result of cost transmission in some parts. Potato starch inventories shrank at the forefront of slow production activities in the domestic market due to the low supply of feedstock Potato among Chinese manufacturers. Entering November, prices started to stabilize towards the lower side before falling 2.2% in December. Because of the sharp drop in potato starch prices that occurred in H2 of Q4, most downstream starch transactions maintained a strong wait-and-see stance. Thus, by the end of Q4, the FOB Shanghai prices for Potato Starch in China were assessed at USD 1320/MT.
Europe
In the European region, the price of Potato Starch displayed an upward price trajectory during the entire fourth quarter of 2022. The price escalated from USD 1035/MT in October to USD 1260/MT in December. Lower domestic and EU production of feedstock Potatoes impacted the processing of Potato Starch in the manufacturing unit. In the German starch market, the situation turned from oversupply to shortage within a very short time. Most producers of potato starch in Germany faced instability in supplying current clients and virtually left less for new customers. As per trade sources, a healthy and increasing demand throughout the quarter from the end-user industries, including the domestic and international food and pharmaceutical sectors, with values in Germany nudging up.
For The Quarter Ending September 2022
North America
In the North American region, the Potato Starch price trend followed an upward trajectory in the third quarter of 2022 due to increased demand from the downstream sector and limited stock among domestic merchants. However, Potato Starch inventories were low in the domestic market due to lesser imports from Germany and the Netherlands on the back of reduced production after the climatic change. Moreover, the purchasing activities were high due to surging offtakes from end-user pharmaceutical and food sectors. Therefore, the CFR New York prices for Potato Starch in the United States displayed a 7.8% increment by the end of Q3, with prices assembling at USD 1285/MT.
Asia- Pacific
In the Asia Pacific, the prices of Potato Starch witnessed a seesaw sentiment in the market during the third quarter of 2022, backed by the hovered downstream demand for Potato Starch from various end-user pharmaceutical and food industries. With entering the quarter, the Potato Starch market opened on a good note, with prices rising considerably amidst positive domestic trade entities. However, the feedstock potato prices as a whole increased, as did the cost of producing Potato Starch. Towards H2 of Q3, the Potato Starch prices suddenly decreased due to shrinking demand, and most downstream starch trades kept a solid wait-and-see attitude. To secure shipment, producers cut the price marginally, resulting in a modest decline in the overall cost of domestic Potato Starch. Thus, by the end of Q3, the FOB Shanghai prices for Potato Starch in China were assessed at USD 1320/MT.
Europe
The price of Potato Starch in Q3 2022 saw an upward movement due to the tight supply of starch at the forefront of low production activities. Also, the surge in feedstock Potato prices on the back of disrupted production influenced the prices of Potato Starch to increase up to 11.1%. However, Potato Starch inventories were low due to a reduced supply of feedstock potatoes amidst the high temperatures in the country. Moreover, strong demand fundamentals from various downstream pharmaceutical and food sectors were noticed. Therefore, traders increased the export price to regain their margin by fulfilling the consistent order of overseas buyers from the existing inventories manufacturers have. Thus, the price of Potato Starch in Germany settled at USD 1020/MT in September 2022.
