The Zhitong Finance App learned that China Starch (03838) once rose more than 13% in the afternoon. As of press release, it had risen 9.95% to HK$0.221, with a turnover of HK$8.6045 million.

According to the news, China Gold recently stated that the Russian-Ukrainian conflict has heightened expectations of a shortage of global corn supply. Although domestic corn is less dependent on the outside world, there are also expectations that domestic corn production will be cut under the influence of policies to expand soybeans and oil crops, and global corn prices may remain high. According to the Business Agency's monitoring, starting in May, domestic corn market prices continued to run high and strong, and raw material costs continued to rise, which led to a slight recovery in the domestic cornstarch market price. According to reports, Chinese starch is mainly engaged in corn starch and its related by-products, downstream products of corn fermentation such as lysine, starch sugar, etc.