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Novus International announced an 8% price increase for its methionine hydroxy analog feed supplements, including ALIMET, MHA and MHA SP, effective immediately. Existing contracts will be honored.
The company also said it remains on track to start up a capacity expansion in 2020.
A supplier-side price hike on methionine analogs tightens feed-additive costs for poultry and livestock producers, a single-company move rather than a shift in the broader amino acid market.
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.