This week’s Feed Additive Update, brought to you by Glowlit, takes a look at the latest price changes in Vitamin E50 & Methionine
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.
The above chart shows data for Vitamin E50 from January 1, 2021 through January 25, 2021. This chart is a feature of Glowlit Pro, and also shows current prices around the world with a Glowlit Pro subscription.
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.
The above chart shows data for DL-Methionine from January 1, 2021 through January 25, 2021. This chart is a feature of Glowlit Pro, and also shows current prices around the world with a Glowlit Pro subscription.