China Restricts Exports of Corn Starch, Signaling Supply Worries
- Government wants to stabilize prices and curb inflation risks
- Starch is shipped to the Philippines, Indonesia and Thailand
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China has curbed exports of corn starch in a signal that the world’s biggest corn importer is likely worried about local supplies.
The government has asked companies to suspend shipments to stabilize corn prices and contain inflation risks, according to Ma Wenfeng, a senior analyst at the Beijing Orient Agribusiness Consultant Co. Corn starch is commonly used as an ingredient to thicken soups and sauces or for paper products and adhesives.