Loading…
Zhejiang NHU and a Sinopec branch signed a letter of intent to form a 50:50 joint venture to build methionine production facilities in Ningbo, Zhejiang, with total investment of CNY 3 billion ($471 million). The joint venture's registered capital is proposed at CNY 900 million, paid in cash.
New methionine capacity planned for China adds to global supply of this feed amino acid over the coming years, which could ease prices for poultry and swine feed formulators. The project is still at letter-of-intent stage, so near-term price impact is limited.
agripost.cn作者: 牧食记AgriPost.CNJan 4, 2022Not 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.
