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BASF declared force majeure after a fire at its Ludwigshafen plant disrupted supply of sodium methylate intermediates used in vitamin A production. Vitamin A prices globally fell 3.2% in the latest week, and the market has so far been largely unaffected.
Glycine prices have risen in step with glyphosate, which is up 169% over the past year.
The supply shock could tighten vitamin A and related feed additive supply, but limited European sodium methylate use has blunted the impact so far. Glycine's rise reflects its tie to glyphosate costs rather than feed demand.
benisonmedia.comAshwani VermaAug 24, 2021Not 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.
