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Evonik announced a net price increase of up to 10% on MetAMINO DL-methionine 99% feed grade, effective immediately. All existing contracts and supply agreements will be honored.
Methionine is a core feed amino acid, so a supplier price hike raises feed formulation costs for compounders and can firm global methionine prices.
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.