# Evonik announces price increases

> Evonik announced a net price increase of up to 15% on GuanAMINO (guanidinoacetic acid) globally, effective immediately. The company had earlier in September announced a global net price increase of up to 8% on MetAMINO (DL-Methionine 99% feed grade), and said existing contracts would be honored.

- Date: 2021-10-12 · published 2021-10-12T12:00:00.000Z
- Category: market · region Global · magnitude medium
- Page: https://feedsoft.ai/events/44465-evonik-announces-price-increases
- Commodities: [Methionine](https://feedsoft.ai/c/METH.md)

## Why it matters

Higher prices for methionine and guanidinoacetic acid raise the cost of amino acid supplements in poultry and swine rations. Feed buyers will face higher formulation costs for these additives.

## Read by commodity

- METH: bullish ▲

## Sources

- feedstuffs.com: https://www.feedstuffs.com/market-news/evonik-announces-price-increases

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