Industry experts cautious as European wheat starch market expected to face price uncertainty

Published 2024년 4월 30일

Tridge summary

The European market is expected to experience a decrease in Wheat Starch prices in April 2024, due to an oversupply and declining demand. This is attributed to high wheat prices leading to increased stockpiling, shift towards other starches, and economic uncertainties reducing production. This could benefit consumers with lower product prices, but producers may face reduced profit margins due to high manufacturing costs. Traders are also wary of potential product deterioration due to high summer temperatures and the devaluation of the euro against the dollar, which increases import costs. Industry experts are closely monitoring the situation for future price fluctuations.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Moving forward towards the beginning of the second quarter of 2024, i.e., April, the prices of Wheat Starch within the European market are expected to witness a weakened pricing trajectory as downstream traders and merchants anticipate more than sufficient inventories compared to the inquiries arriving from the regional market, garnering the attention of consumers and industry experts. Analysts attribute this anticipated decline to a convergence of factors, forming a challenging scenario that affects both the production and supply chain of Wheat Starch. Initially, witnessing a persistent price rise of wheat ahead of rising demand from the regional and overseas markets, traders within the importing nations, particularly in the European region, stocked up their stores with a sufficient amount of inventories concerning Wheat Starch. However, an opposing trend is projected by market participants, stating a modest shift concerning the consumption of other starches despite Wheat Starch. ...

Source: UkrAgroConsult