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Fufeng Group reported 2018 revenue up 5.6% to Rmb13.8bn and net profit up 33.5% to Rmb1.85bn, with profit helped by a one-off land disposal gain. Analysts expect MSG prices to stay high on low inventories after 2H18 environmental shutdowns cut industry output by 260,000t.
Lysine and threonine prices hit record lows in early 2019, and analysts expect them to bottom in 2H19.
Tight MSG supply and falling corn costs are supporting margins for amino acid producers, while lower lysine prices reflect ample amino acid supply that feed buyers can use to cut formulation costs. Corn is a minor input here, so its price effect is limited.
gmg.9fzt.comMar 24, 2019Not 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.
