# Germany's Evonik sees lower 2023 core profit as animal feed prices decline | Reuters

> Evonik Industries forecast a fall in its 2023 core profit, citing lower animal feed prices in the second half of 2022 as clients cut inventories. The company is also dealing with elevated inflation and volatile energy prices while shifting toward specialty chemicals.

- Date: 2023-03-02 · published 2023-03-02T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/37227-germany-s-evonik-sees-lower-2023-core-profit-as-animal-feed-prices-decline
- Commodities: [Methionine](https://feedsoft.ai/c/METH.md)

## Why it matters

Weaker feed-additive pricing and customers cutting inventories reflect soft demand for feed ingredients, which can keep additive prices under pressure.

## Sources

- reuters.com: https://www.reuters.com/markets/commodities/evonik-sees-lower-2023-core-profit-2023-03-02/

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