# Evonik announces price increase on Biolys®

> Evonik announced a net price increase of 8-10% per kilogram on Biolys (L-lysine 62.4%, feed grade) for all customers with immediate effect. All existing contracts and supply agreements will be honored.

- Date: 2023-07-27 · published 2023-07-27T12:00:00.000Z
- Category: market · region Global · magnitude medium
- Page: https://feedsoft.ai/events/35370-evonik-announces-price-increase-on-biolys
- Commodities: [Lysine](https://feedsoft.ai/c/LYSINE.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

A sharp lysine price hike from a major producer tightens feed amino acid costs for compound feed buyers and supports lysine pricing across the market.

## Read by commodity

- SBM: neutral
- CORN: neutral
- LYSINE: bullish ▲

## Sources

- evonik.com: https://www.evonik.com/en/news/press-releases/2023/07/evonik-announces-price-increase-on-biolys-.html

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