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US lysine hydrochloride prices rose steadily in early August 2023, recovering from a sharp drop the prior month. Higher sugar costs used in fermentation, rising manufacturing costs and firmer domestic and overseas inquiries supported the uptick.
Lysine is a key synthetic amino acid in feed formulation, so firmer lysine prices raise the cost of complete feed and can pressure buyers' margins. Higher sugar and soybean meal costs reinforce the upward pressure.
chemanalyst.comNicholas SeifieldAug 24, 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.
