Potato Starch Prices, Price, Pricing, Monitor
In the second quarter of 2023, the US potato starch market witnessed fluctuations in price and market conditions. The initial two months of the quarter experienced consistent price growth, attributed to intricate supply and demand dynamics. The intensified demand from end-user suppliers created a modest potato starch shortage in domestic warehouses, consequently driving prices higher. Post the termination of the zero-resistance policy against COVID-19, trade between Asia and the United States surged. However, by early June, prices began to decline, marking a significant slowdown in the development of the US potato starch market. The market sentiment grew somber due to declining demand from local downstream industries. Against this backdrop of weakened demand, excessive inventories compelled suppliers to offer products at reduced prices. With falling prices, traders are hesitant to commit to bulk orders, as further price drops are anticipated, primarily driven by major players in the US potato starch market.