World Grain - March 2006 - 47

FEATURE: GM CROPS IMPACT STARCH INDUSTRY

Table 3 - Wet mill product and feedstock prices
Regular corn

White corn

Non-GMO corn

High Amylose corn

Waxy corn

258
185
69
270
2
2

317
185
69
290
2.28
2.24

258
185
69
290
2.20
2.15

363
185
69
290
3.11
2.96

319
185
69
290
2.34
2.27

Starch (U.S.$/ton)
Germ (U.S.$/ton)
Corn Gluten Feed (U.S.$/ton)
Corn Gluten Meal (U.S.$/ton)
Location A Corn Feedstock (U.S.$/bu)
Location B Corn Feedstock (U.S.$/bu)

Source: USDA, Milling and Baking News, Industry Sources

specialty maize hybrids and analyzed
regions, but in all cases they were only
marginally lower than relevant producer
premiums. This result suggests that IP
premiums paid to producers are determined by local production and procurement conditions and represent returns to
incremental costs and changed operations on the farm. Therefore, specialty
and non-GM maize markets appear efficient in pricing IP and traceability costs.
As producer premiums are paid by the
starch manufacturers, incremental farm

costs are directly transferred to their IP
cost accounts. In fact, premiums paid
to producers represent the bulk of the
IP costs for specialty wet mills. Facility cleanout costs, testing and reporting costs are also significant (table 2,
page 46).
These results suggest that the ability
of specialty starch manufacturers to recover these costs is largely determined
by their ability to add value to specialty
feedstocks in the form of premium prices for their products.

ECONOMICS OF NON-GM STARCHES
Meaningful premiums exist for specialty starches derived from waxy,
white, and high amylose maize but not
for non-GM starches that lack added
functionality. Price premiums for nonGM gluten meals have been diminishing over the last few years due to
the limited market size and frequent
oversupply (table 3, page 48).
It is interesting to note that since
no GM high amylose, white or waxy
maize hybrids have been introduced

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World Grain - March 2006

Table of Contents for the Digital Edition of World Grain - March 2006

Contents
World Grain - March 2006 - 1
World Grain - March 2006 - 2
World Grain - March 2006 - 3
World Grain - March 2006 - Contents
World Grain - March 2006 - 5
World Grain - March 2006 - 6
World Grain - March 2006 - 7
World Grain - March 2006 - 8
World Grain - March 2006 - 9
World Grain - March 2006 - 10
World Grain - March 2006 - 11
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World Grain - March 2006 - 13
World Grain - March 2006 - 14
World Grain - March 2006 - 15
World Grain - March 2006 - 16
World Grain - March 2006 - 17
World Grain - March 2006 - 18
World Grain - March 2006 - 19
World Grain - March 2006 - 20
World Grain - March 2006 - 21
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World Grain - March 2006 - 27
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World Grain - March 2006 - 40
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World Grain - March 2006 - 42
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World Grain - March 2006 - 46
World Grain - March 2006 - 47
World Grain - March 2006 - 48
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World Grain - March 2006 - 64
World Grain - March 2006 - 65
World Grain - March 2006 - 66
World Grain - March 2006 - 67
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http://digital.world-grain.com/sosland/wg/2018_06_01
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http://digital.world-grain.com/sosland/wg/2018_03_01
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https://www.nxtbook.com/sosland/wg/2017_10_01
https://www.nxtbook.com/sosland/wg/2017_09_01
https://www.nxtbook.com/sosland/wg/2017_08_01
https://www.nxtbook.com/sosland/wg/2017_07_01
https://www.nxtbook.com/sosland/wg/2017_06_01
https://www.nxtbook.com/sosland/wg/2017_05_01
https://www.nxtbook.com/sosland/wg/2017_04_01
https://www.nxtbook.com/sosland/wg/2017_03_01
https://www.nxtbook.com/sosland/wg/2017_02_01
https://www.nxtbook.com/sosland/wg/2017_01_01
https://www.nxtbook.com/sosland/wg/2016_12_01
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https://www.nxtbook.com/sosland/wg/2016_09_01
https://www.nxtbook.com/sosland/wg/2016_08_01
https://www.nxtbook.com/sosland/wg/2016_07_01
https://www.nxtbook.com/sosland/wg/2016_06_01
https://www.nxtbook.com/sosland/wg/2016_05_01
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https://www.nxtbook.com/sosland/wg/2013_08_01
https://www.nxtbook.com/sosland/wg/2013_07_01
https://www.nxtbook.com/sosland/wg/2013_06_01
https://www.nxtbook.com/sosland/wg/2013_05_01
https://www.nxtbook.com/sosland/wg/2013_04_01
https://www.nxtbook.com/sosland/wg/2013_03_01
https://www.nxtbook.com/sosland/wg/2013_02_01
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http://digital.world-grain.com/sosland/wg/2009_05_01
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