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Article: Domestic corn starch prices pull back on low consumption, cheap sugar.
- Article from:
- China Business News
- Article date:
- June 23, 2008
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Domestic corn starch prices pull back on low consumption, cheap sugar
Shanghai. June 23. INTERFAX-CHINA - Domestic corn starch prices have pulled back recently due to spillover weakness from domestic sugar prices, according to the Jilin Corn Center Market.
"Corn starch sugar is a substitute for natural sugar, so the sugar market plays an important role in setting starch prices," Li Ying, an analyst with the Jilin Corn Center Market, told Interfax. "Due to low sugar prices in the Guangxi Zhuang Autonomous Region, consumers have chosen to use natural sugar rather than starch sugar. This has caused corn starch prices to follow the downtrend seen in the ...