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The veterinary API market remained weak in September, with trading light and manufacturers lacking confidence. Florfenicol averaged 255 yuan/kg, a record low down 44% from January, as mainstream producers keep cutting prices to defend share.
Tylosin and tilmicosin prices are firming while amoxicillin trihydrate is cooling.
Lower veterinary drug ingredient prices reduce medication costs for livestock producers, but they do not directly move the feed grain or protein commodities that buyers hedge. The effect on feed markets is minimal.
en.engormix.comRonnick FONGOct 2, 2023Not 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.
