The price trend of corn gluten meal in the first two quarters of 2023 depended on corn production and global supply. Production gained momentum but lagged behind inflation rates. Sluggish demand and excess production during the rabi season led to price depreciation. Economic challenges in Europe and the US, marked by high inflation and bank interest rates, contributed to a recession-like phase, further affecting corn gluten meal prices.
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Definition
Corn gluten meal is a byproduct of corn processing, rich in protein and amino acids. It’s commonly used as an animal feed ingredient due to its nutritional value. This yellowish powder contains around 60% protein and is gluten-free, making it suitable for various animals, including poultry, cattle, and aquaculture. Its protein content aids in growth and muscle development. Additionally, corn gluten meal has weed suppressive properties, as it inhibits seed germination, making it useful in organic gardening and turf management to prevent weed growth.
Key Details About the Corn Gluten Meal 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 Corn Gluten Meal 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 Corn Gluten Meal Price chart, including India Corn Gluten Meal price, USA Corn Gluten Meal 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 Corn Gluten Meal Price Trend:
Corn gluten meal finds various industrial uses, primarily as a valuable ingredient in animal feed formulations. Its high protein content makes it a nutritious component for poultry, livestock, and aquaculture diets, supporting growth and overall health. Beyond animal nutrition, it serves as a natural pre-emergent herbicide due to its weed-suppressing properties, inhibiting seed germination and growth. This makes it useful for eco-friendly weed control in lawns, gardens, and agricultural fields. Its versatility extends to organic fertilizers, contributing nitrogen to plants. These applications highlight corn gluten meal’s significance in both animal nutrition and sustainable agricultural practices.
Key Players:
- ADM
- Prorich Agro Foods
- Tate and Lyle
- Badger State Ethanol LLC
- Vijaya Enterprises
- Paramesu Biotech Private Limited
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