May 30, 2017
Folic acid producers slash prices in China
An eFeedLink Exclusive
Prices dropped significantly.
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Prices of local folic acid in China (RMB/kg) | ||
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Price quotes as of Apr 28 |
Price quotes as of May 26 |
Price Changes |
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280-310 |
230-250 |
-50 to -60 |
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Prices are representative and for reference only. | ||
Supplies of folic acid expanded of late, exerting pressure on the market. Smaller producers who were eager to clear stocks slashed prices amid strong competition.
Biotin prices are expected to slide further as supply exceeds demand.
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