March 20, 2025

 

China's feed additives market ends 2024 on a weak note last December

 

Feed producers in China were cautious as they stockpiled inventories prior to the New Year holidays.

 

As domestic livestock markets are traditionally weak after China's festive holidays in February, livestock producers were not keen to place orders for feed additives given the bleak outlook of the Chinese economy.

 

In the vitamins market, vitamin A products led a fall with a sharp drop of 24% in December last year, as high prices hampered sales. For the same reason, vitamin E prices dipped at a milder pace of 5% over the month.

 

Excess availability dragged the prices of vitamin B12 down by 10%, whereas those of vitamin C products fell by 5-10%.

 

Producers also cut the prices of inositol, niacin, and folic acid by 5% each. Other products, including vitamin K3, vitamin B2, calcium pantothenate, and choline chloride, recorded 1-3% price drops.

 

Bucking the trend, prices of vitamin B1, vitamin B6, and vitamin D3 increased by 8%, 7%, and 2%, respectively, in December 2024, as producers limited production.

 

In the amino acids markets, other than tryptophan prices, which inched higher by 2%, prices of all major products fell in the final month of last year. Prices of threonine and liquid methionine decreased by 2% each.  Lysine prices dipped by 1% whereas that of methionine was mainly stable.

                                         

For minerals, prices were stable last December, registering negligible movements.

About EFL AG-DATA

EFL AG-DATA is a startup incubated by Singapore's Nanyang Technological University's Innovation and Enterprise Company (NTUitive) Incubator Program. It is developing an agricultural hub that will revolutionize the feed-to-meat supply chain in China and Southeast Asia countries through data-driven solutions. EFL's mission is to empower farms through innovative data-based services that solve complex problems and enhance productivity.

 

- EFL AG-DATA