The global native corn starch price trend reflected mild year-on-year declines through the final quarter of 2024, as stable crop availability, steady production levels, and moderated demand shaped market behavior across major consuming regions. Assessed under CIF India benchmarks for food-grade native corn starch, the market showcased a largely balanced supply-demand environment, resulting in only slight downward price movements.In October 2024, native corn starch prices stood at 183 USD/MT, marking a 5.67% YoY decline compared to 194 USD/MT in October 2023. This moderate reduction was largely driven by abundant corn harvests and steady processing output in key producing nations. With no major disruptions in supply chains and sufficient inventories available, buyers were able to secure competitive pricing, keeping market fluctuations limited.
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The trend continued into November 2024, where prices were recorded at 184 USD/MT, down 2.65% YoY from 189 USD/MT in the same period of the previous year. Slower demand from food processing, paper, and textile industries contributed to softer price performance, although weakening was less pronounced due to consistent domestic consumption. Stable freight rates and manageable production costs also supported price steadiness, preventing deeper declines.
By December 2024, the native corn starch market showed signs of stabilization as prices reached 185 USD/MT, a marginal 0.54% YoY decrease from 186 USD/MT in December 2023. This narrowing gap suggests that downward pressure may be easing, with improved procurement activities reported toward the end of the year. Increased usage in bakery, snacks, and ready-to-eat applications, along with ongoing demand from industrial sectors, helped maintain market firmness.
According to Expert Market Research, native corn starch prices in Q1 2025 are expected to remain relatively stable to slightly firm. The outlook reflects balanced supply conditions, steady global corn production, and improving consumption trends in both food and non-food industries. Any upward price bias is likely to be gradual, driven by seasonal demand increases and potential cost fluctuations in raw materials or logistics.
Despite the mild YoY declines seen in 2024, the native corn starch market remains resilient, supported by its versatile applications and dependable sourcing conditions. Manufacturers and buyers can anticipate continued price consistency, barring unexpected shifts in agricultural output or trade policies.
As the industry enters 2025, stakeholders are advised to monitor crop performance, regional demand patterns, and global freight dynamics, as these factors will play a significant role in influencing short-term pricing and supply availability.