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Evonik will raise prices for its Glycine range by 12% globally, effective July 1, 2019. The company cites rapidly escalating raw material costs over recent months.
The increase reflects higher input costs for a specialty amino acid and has limited read-across to bulk feed grain or protein prices.
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.