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CJ CheilJedang says it holds more than 50% of the global nucleic acid market, with Ajinomoto as the second-largest producer. The global nucleic acid market is worth about 600 billion won and has grown roughly 6% annually over the past four years.
Nucleic acids are flavor additives rather than feed commodities, so this company market-share story has little direct effect on feed grain or protein prices. It is corporate news with minimal supply-demand impact.
businesskorea.co.krChoi Moon-heeApr 25, 2019Not 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.
