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November 4, 2011
 
Folic acid prices stable despite slack demand in China
                                                        
An eFeedLink Exclusive  
 
       
Prices were stable.
 

Folic acid prices in China

Region

Price as of Sep 30
(RMB/kg)

Price as of Oct 31
(RMB/kg)

Price change
(RMB/kg)

North

177-181

177-182

0 to +1

South

178-183

178-184

0 to +1

RMB1=US$0.1575 (Nov 4)

 
Limited supplies of folic acid, due to low availability of raw ingredients, held prices stable during October despite lacklustre demand.
 
In the general market, transacted prices by major producers were at RMB175-181/kg.
 
Sales of folic acid will be weak as feed demand shrank during October amid low animal inventories. However, firm production costs are expected to lend support to the market.
 


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