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“Forecasts show that North American corn production in 2012 will be at its lowest since 2006,” notes Michael Kellen, business director, pressroom chemicals. “Conditions like these, paired with competing demand by industries such as ethanol, have caused costs of most food-grade starches to rise.”
As a result of these market conditions and rising raw material costs, Flint Group is implementing a 15-percent price increase on all orders shipped within the United States and Canada after Jan. 1, 2013, subject to existing contracts.
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