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Spot prices for feed additives such as vitamins and amino acids have spiked in Europe as COVID-19 disrupts supply chains, with biotin up sharply since January. Evonik declared force majeure on its ThreAMINO amino acid due to production and shipping problems.
UK feed mills report quotes up to 10% higher and tightening supplies.
Higher additive costs add to the expense of compound feed, and force majeure notices signal limited near-term availability of key amino acids for poultry and pig rations.
poultry.networkJake Davies (EditorMar 19, 2020Not 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.
