This week's price trends from Glowlit - January 27th 2021
Vitamin E50
The
Global Opportunities Map, available through Glowlit Pro, shows major price
differences for Vitamin E50 around the world resulting from trade imbalance
between the US and China. With the Chinese New Year approaching in February,
the industry is preparing for a halt in supply. Already Chinese factories are
slowing production in advance of the holiday, and many buyers are realizing
that their preparation came too little and too late. Buyers are now
demonstrating a willingness to pay higher prices for goods on the water or in
stock.
Methionine
Following
an increase in available capital for investment in agriculture, soy and corn
prices have been increasing around the world. Any additives complementing soy
or produced from corn naturally follow in the increase as well. Last week we
covered Blood Meal as a complimentary source of protein. This week we are
highlighting the same trend of price increase with Methionine, which is necessary to improve feed conversion
rates while maintaining cost effectiveness. Around the world, we see that
demand is not being sufficiently met because of a lack of shipping
availability, increased cost of available freight, and the looming Chinese
holiday.