EU: Anticipation grows as wheat starch prices expected to surge in January 2024

Published Jan 17, 2024

Tridge summary

The global wheat starch market is experiencing a substantial surge in prices due to a combination of factors, including escalating transportation costs and logistical challenges stemming from a recent dispute in the Red Sea. This surge in prices is expected to have a ripple effect globally, impacting various industries such as food and beverage, pharmaceuticals, and cosmetics, as manufacturers struggle to maintain cost-effective operations. As the market continues to evolve and face uncertainties, industry stakeholders are actively seeking innovative solutions to mitigate the impact and ensure the resilience of the wheat starch market in the coming months.

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

Original content

As the first half of Janaury 2024 unfolds, an ongoing surge in wheat starch consumption in Europe has garnered the attention of consumers and industry experts. Consequently, the global wheat starch market is preparing for a substantial surge in prices throughout January 2024. Analysts attribute this expected rise to a combination of factors, creating a perfect storm that impacts the production and supply chain of wheat starch. The recent dispute in the Red Sea has led to escalating transportation costs and logistical challenges in the past month resulting in a halt in shipment arrivals, and higher delivery times resulting in a considerable rise in global freight and fuel costs, which are anticipated to persist, hindering the smooth flow of wheat and wheat-derived products, including downstream wheat starch, to importing nations, particularly those in Europe in forthcoming period as well. The continuous disruptions in the global supply chain, coupled with a heightened demand for ...

Source: UkrAgroConsult