# CJ CheilJedang and Daesang See End to Bio Business Slump - The Asia Business Daily

> CJ CheilJedang and Daesang reported weak third-quarter 2023 bio-business results, with CJ's bio sales down 17% and operating profit down 90%, linked to poor lysine markets in the first half. Lysine prices are expected to rebound in the second half as Chinese pig-sector support policies lift demand.

- Date: 2023-11-15 · published 2023-11-15T12:00:00.000Z
- Category: market · magnitude low
- Page: https://feedsoft.ai/events/33500-cj-cheiljedang-and-daesang-see-end-to-bio-business-slump-the-asia-business-daily
- Commodities: [Lysine](https://feedsoft.ai/c/LYSINE.md)

## Why it matters

A lysine price rebound driven by recovering Chinese hog demand supports firmer amino acid prices for feed formulators, while soybean-related product weakness weighed on margins.

## Read by commodity

- LYSINE: bullish ▲

## Sources

- asiae.co.kr: https://www.asiae.co.kr/en/article/2023111509520608097

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.