Rabobank says COVID-19 will have its greatest impact in 2020 on animal health and feed additive prices, given China's role in vitamins, threonine and lysine. Plant closures have caused price rallies for some products.
Evonik declared force majeure on its ThreAMINO threonine product last week.
Higher lysine, threonine, methionine and vitamin prices raise the cost of compound feed, premixes and complete feed for several months. Buyers should expect firmer premix and concentrate pricing.
Not 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.