Shengtai Pharmaceutical expects prices for corn, its major raw material ingredient, to remain stable and there is enough supplies in the next two months.
The manufacturer and distributor of high-quality, pharmaceutical grade glucose products says corn prices in China have remained stable due to the Chinese government’s control of corn consumption for the fuel industry. It also says the government has been selling corn reserves to the open market on a weekly basis for approximately $240 per metric ton, in order to keep corn prices stable.
