- Maltodextrin prices showed a firm upward trend in Q1’26, supported by steady increases in corn feedstock prices and tightening supply conditions across key markets.
- Feedstock influence remained strong as corn prices rose, driven by firm domestic demand and controlled supply, pushing production costs higher.
- Downstream demand from the food, beverage, and pharmaceutical sectors remained stable, with consistent procurement supporting price strength despite minor fluctuations.
The prices of maltodextrin recorded an upward trend in Q1’26, driven largely by higher feedstock prices and constant demand in downstream sectors. During the quarter, the prices of corn, a major feedstock, in China also recorded a steady uptrend, thereby leading to a higher cost of production for maltodextrin, thus contributing to the price appreciation of the commodity. On the demand side, the food and beverage sector, particularly for processed foods and sweeteners, continued showing robust demand for maltodextrin, while there was also constant demand from the pharmaceuticals sector. In terms of supply, it was tight, owing to limited inventories and conservative production during the quarter. Nevertheless, a slight downward correction was observed due to minor changes in the upstream market and consistent supplies by the close of the quarter.