Amid fluctuating global potato production, Potato Starch prices showed a mixed trend in the first two quarters of 2023. Supply and demand remained stable in the Asia Pacific, while Europe and America saw reduced potato cultivation, impacting prices. Overall, Potato Starch experienced variable pricing dynamics during this period.
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Definition
Potato starch is a fine, white powder derived from potatoes. It is extracted from the tubers’ inner cells and is commonly used as a thickening agent in various food applications. With high starch content and neutral taste, it’s valued for its ability to enhance texture and consistency in recipes ranging from soups to baked goods.
Key Details About the Potato Starch Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Potato Starch in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.
The Potato Starch Price Trends, including India Potato Starch price, USA Potato Starch price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting the Potato Starch Price Trend:
Potato starch finds essential industrial applications as a thickening and binding agent in food processing, enhancing texture and stability in products like sauces, soups, and baked goods. It’s also utilized in the paper and textile industries for its adhesive properties, contributing to paper coatings and textile finishing processes.
Key Players:
- Cargill Incorporated,
- Ingredion Incorporated
- Emsland Group
- Tereos S.A.
- Novidon B.V
News & Recent Development
- US potato production’s fourth consecutive decline led to the smallest crop since 2010, spiking prices, partly due to robust frozen potato demand. Higher contract prices are expected, driven by strong market conditions, improved water outlook, and crop rotation pressures. Despite price hikes, consumer potato consumption remains steady amid inflation. (Dated: 24 May 2023)
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