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CJ CheilJedang's third-quarter bio division revenue fell 8.4% and operating profit fell 71.9%, driven by competition in tryptophan, arginine and nucleic acids and weak lysine conditions in Europe. The company is divesting non-core businesses to improve finances.
Weak lysine margins and intense competition signal oversupply in amino acids, which keeps feed additive prices under pressure.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.