18th edition of Foodcom ADDITIVES Newsletter
On top of everything, we are experiencing the worst bird flu crisis in Europe in history. The situation has forced the culling of nearly 50 million poultry, and the risk of widespread infection next season remains high.
Poultry in general has not been getting good press lately. Polish bird breeders are watching developments with concern after it was revealed that a poultry feed manufacturer has been adding low-grade oils to its products that are actually used in the production of… biofuels, lubricants and technical oils. The perpetrators have been arrested, but the investigation is still ongoing. The conclusion is simple: a trustworthy business partner who supplies proven products of the highest quality is simply worth his weight in gold!
Sweden is working on solutions to be used during power outages. The dollar continues to strengthen, but low demand for vitamins is depressing their prices in the U.S. and Brazil. The devastation caused by Hurricane Ian has extended delivery times from the United States. In China, market activity was limited due to the National Day vacation. In short, there was a lot going on – read on for details!
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For several months, the prices of Gelatin have been rising steadily. Rumor has it that the reason for this is… the lower production of cars. Now that fewer upholstered car interiors are produced, there is less waste from this production, which is a cheap raw material for gelatin. As a result, prices for the product have skyrocketed.
Methionine prices have fallen in recent weeks. The level of prices quoted by different market experts varies. It is definitely time to watch the market closely and wait to see what happens.
The Threonine market remains weak and stable. There have been no significant price fluctuations in the past week. It only remains to be seen what the future will bring.
The lysine market has stabilized recently. Both producers and buyers are watching the situation closely anticipating changes.
The prices of the product began to rise. This trend is expected to continue. In China, the price of Vitamin C has remained stable recently, without significant fluctuations. The amount of raw material available on the market is satisfactory, and producers are open to purchase offers. It is worth considering a purchase now, when the market remains stable.
There has been a slight decline in the market for Citric Acid. The demand was rather small, so some Chinese factories decided to stop offering the price to stabilize it. Later, the order volume increased and the said factories started to raise the prices as planned. It is expected that prices will increase slightly on a regular basis in the near future.
The price of Xanthan Gum has remained stable for several weeks, and market experts expect this situation to continue in the near future. The European market is constantly experiencing high demand, and due to scarcity, the price remains high. Undoubtedly, it is worth observing the market situation in the near future.
Recently, the price of Guar Gum has dropped slightly but noticeably. For this reason, now is undoubtedly a good time to buy this product.
K+S, the largest European producer, is slowly releasing quantities, but they are still not enough for the current market needs. Demand is very high, and delays in contracts are noted. The price is holding steady.