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CJ CheilJedang reports it holds about 60% of the global nucleotide market, with China accounting for roughly two-thirds of demand. The company says its nucleotide sales rose about 20% last year and grew another 20% in the first quarter of this year.
Nucleotides are a flavoring agent used mainly in food rather than feed, so the direct effect on feed ingredient prices is minimal. The story mainly signals the market position of a major amino acid and feed-additive producer.
cj.co.krFeb 13, 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.
