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February 20, 2018
 
Underperforming livestock market decimates China vitamin B2 sales
                     
An eFeedLink Exclusive         
 
 
Prices were stable to lower.
 

Prices of local vitamin B2 in China (RMB/kg)

Price quotes as of Jan 8

Price quotes as of Feb 12

Price Changes 

440-470

440-460

0 to -10

Prices are representative and for reference only.
RMB1=US$0.1577 (Feb 20)

 
Livestock market stayed weak despite pre-Chinese New Year stimulation, resulting in slack feed and hence vitamin B2 sales. In efforts to promote sales, vitamin B2 producers cut prices even as supplies tightened.
 
Vitamin B2 producers will hold down prices with export and domestic demand poised to stay weak in the coming period.
 


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