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South Korea's Daesang signed a contract to transfer its lysine technology to China's Chengfu Group for 10 billion won (about $8.82 million). The partners plan to extend the alliance to chemicals beyond animal feed, and Daesang expects its lysine capacity to rise from 500,000 to 700,000 tons.
Added lysine capacity in China and Korea increases global feed amino acid supply, which can pressure lysine prices and compete with existing producers. For feed buyers, this points to a more abundant amino acid supply over time.
yaonutrition.comOct 24, 2018Not 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.
