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Evonik said it will raise the net global price of its GuanAMINO guanidinoacetic acid product by 15%, effective immediately from October 11. The company gave no reason for the increase, though it follows earlier force majeure declarations on its threonine product and pandemic-related feed additive price pressure.
A 15% increase in a specialty feed additive adds modest cost to formulations for energy metabolism in livestock, with limited effect on major commodity prices.
feedstrategy.comAnn ReusOct 13, 2021Not 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.
