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Methionine prices are expected to rise globally by the end of November 2024, driven by constrained supply and firm demand from animal feed and pharmaceuticals. Analysts cite seasonal feed production ramp-up in China, expected PMI expansion, and a 30% jump in early-November Asia-Europe freight rates that is raising costs for importers such as Germany.
Higher methionine prices raise feed formulation costs for poultry and swine rations. Freight surcharges add further landed cost pressure on imported supply.
chemanalyst.comS. JayavikramanNov 26, 2024Not enough comparable past events yet for a historical read.
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.
