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Wednesday, February 3, 2021
China VC: Prices 1.5 times higher on-year (week ended Feb 1, 2021)
High costs of corn continued to lend support to vitamin C market. With production limited and overseas demand strong, producers lifted prices further, albeit modestly Compared with a year ago, vitamin C raw powder prices have surged 150% fr ...
Wednesday, February 3, 2021
Fonterra lifts 2020/21 forecast Farmgate Milk Price range
On February 3, Fonterra Co-operative Group Limited lifted its 2020/21 forecast Farmgate Milk Price range to NZ$6.90-7.50 (US$4.98-5.42) per kgMS, up from NZ$6.70-7.30 (US$4.84-5.27) per kgMS.
Tuesday, February 2, 2021
Philippines President signs executive order mandating price ceilings for pork and chicken
Philippines' President Rodrigo Duterte signed an executive order mandating price ceilings for pork and chicken as food inflation soars to double-digits in the country, Reuters reported.
Monday, February 1, 2021
H5N8 bird flu outbreak in South Korea lowers demand for feed as corn prices surge
Market sources said South Korea's H5N8 bird flu outbreak has reduced demand for corn-based livestock feed during a time when corn prices have surged to record highs, S&P Global Platts reported.
Monday, February 1, 2021
China Corn: Prices surge 60% on-year (week ended Jan 29, 2021)
Corn supply remained tight, hence supporting prices to move higher. However, as smaller traders in need of cash before the Chinese New year released stocks, price hikes slowed amid increased availability. Climbing for five consecutive weeks ...
Monday, February 1, 2021
Potential for soybean prices to rise further, says Cargill executive during USSEC event
In a recent virtual event hosted by the US Soybean Export Council (USSEC), Joe Stone, Cargill's head of corporate trading and executive vice president for the agricultural supply chain, said soybean prices could go higher as markets continu ...
Tuesday, January 26, 2021
China Tryptophan: Prices climb to 2018 levels (week ended Jan 25, 2021)
Rising costs of corn continued to lift the prices of tryptophan while producers attempted to sustain profit margins. Sales remained robust as the consumption of high quality feeds expanded with sow and piglet population growing. Prices have ...
Tuesday, January 26, 2021
China Threonine: Prices soar to three year highs (week ended Jan 25, 2021)
With supplies tight and the costs of production rising relentlessly, prices of threonine climbed to three year highs. Overseas and local buyers eagerly placed orders amid fears that output disruptions, soaring freight charges and rising cor ...
Monday, January 25, 2021
China Methionine: High costs, tight availability push up prices
Producers lifted prices while the expenses of production increased with the costs of sulphur, natural gas, methanol and propylene rising substantially. Supplies tightened as local and overseas production was disrupted due to the coronavirus ...
Monday, January 25, 2021
China Whey: Sharp price hikes on robust demand, cost rise (week ended Jan 25, 2021)
As the prices of soymeal rallied to levels unseen since June 2014, feed producers were eager to look for more economical substitutes. This, in conjunction with growing demand for piglet and sow feeds amid expanding inventories, stimulated ...
Thursday, January 21, 2021
China VC: Prices surge as corn breaks new highs (week ended Jan 18, 2021)
Vitamin C producers continued to lift the prices of vitamin C as corn costs surged tremendously to all time high. Feed manufacturers, who were placing orders in preparation for the upcoming Chinese New Year holidays, increased purchases ami ...
Thursday, January 21, 2021
China Trace Minerals: Prominent rise in copper, zinc sulphate prices (week ended Jan 18, 2021)
Expanding hog feed consumption lent support to the trace mineral markets in conjunction with rising output costs. Prices of copper sulphate and zinc sulphate were higher by 45% and 40% respectively compared with a year ago.
Thursday, January 21, 2021
Tyson Foods agrees to more chicken price-fixing litigation settlements
Tyson Foods said it has agreed to settle with two more groups of plaintiffs that have accused the company of colluding to inflate chicken prices in the US$65 billion poultry sector, Reuters reported.
Wednesday, January 20, 2021
China Biotin: Decreased output strengthens prices (week ended Jan 18, 2021)
As operation rates dropped due to power shortages, biotin production decreased. Several buyers lifted prices while buyers eagerly placed orders.
Wednesday, January 20, 2021
China AA Broiler: Prices rise at a slower pace (week ended Jan 15, 2021)
Demand for chicken products improved, helping slaughterhouses to clear stocks, hence supporting the sales of AA broiler. In anticipation of higher prices with the approaching of Chinese New Year, farmers withheld releases, helping prices to ...
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