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The veterinary API market stayed stable but weak in April, with several products hitting new lows. Florfenicol fell to a record low of CNY185/kg, while doxycycline hydrochloride rose then fell and albendazole and levamisole hydrochloride rose month on month.
Weak veterinary drug ingredient prices reflect soft demand and ample supply in China, which is a minor cost tailwind for animal producers but has no direct effect on feed commodity prices.
en.engormix.comRonnick FONGApr 30, 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.
