December 9, 2020
                                             

China Lysine: Prices stay firm, buyers limit purchases (week ended Dec 7, 2020)

Producers stood firm on lysine prices while the costs of corn stayed high. Nonetheless, price rise was limited as feed producers turned cautious after stockpiling some supplies.

Export prices of 70-percent lysine increased to US$0.67/kg.

Lysine prices are likely to increase further as low corn availability limits production. Additionally, expanding hog feed consumption will boost the usages of lysine, hence lending support to the market.

Full version of the report with complete data is available at: https://spoutinfo.com/market-forecast-detail/31/32/271/2622

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