July 21, 2020
China Methionine: increased output, slack demand (week ended Jul 20, 2020)
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Supplies of methionine expanded lately as production capacity increased in China. With sales of poultry feeds slow amid cautious buying mood, methionine market continued to weaken.
Export prices of dl-methionine were lower at US$2.18/kg.
Although broiler prices have strengthened considerably lately, feed producers will remain prudent as the outlook of China's economy looks bleak. Moreover, export demand is set to slow as the global pandemic situation remains severe.
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