March 28, 2017
Sluggish demand, excess supply drag down vitamin A prices in China
An eFeedLink Exclusive
Prices fell substantially.
|
Prices of local vitamin A in China (RMB/kg) | ||
|
Prices as of Mar 9 |
Prices as of Mar 24 |
Price change |
|
234-238 |
210-220 |
-24 to -18 |
|
Prices are representative and for reference only. | ||
|
RMB1=US$0.1453 (Mar 28) | ||
Vitamin A buyers continued to stay on the side lines as feed demand showed little improvement. Distributors and traders slashed prices in attempts to clear mounting inventories.
Plentiful supplies will weigh down the prices of vitamin A. However, with prices sliding 15-20% during Q1, producers will be more cautious in cutting prices.
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