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Evonik announced on October 7, 2019 that it will raise net prices of MetAMINO feed-grade DL-methionine 99% by up to 9% globally, effective immediately. The company said all existing contracts and supply agreements will be honored.
A global price increase of up to 9% from the world's largest methionine producer tightens feed-grade methionine costs for buyers. Other producers may follow, which would support prices across the amino acid complex.
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.