# Evonik announces price increase for MetAMINO

> Evonik announced on March 22, 2017 that it will raise the net price of MetAMINO (DL-methionine 99% feed grade) by 7% in Europe, effective immediately. Existing contracts and supply agreements will be honored.

- Date: 2017-03-22 · published 2017-03-22T12:00:00.000Z
- Category: market · region Europe · magnitude low
- Page: https://feedsoft.ai/events/71911-evonik-announces-price-increase-for-metamino
- Commodities: [Methionine](https://feedsoft.ai/c/METH.md)

## Why it matters

A 7% increase in European feed-grade methionine raises the cost of amino acid supplementation for feed formulators in Europe, which can push up the cost of poultry and swine rations. The move reflects tighter supply or stronger pricing power in the methionine market.

## Read by commodity

- METH: bullish ▲

## Sources

- feedstuffs.com: https://www.feedstuffs.com/market-news/evonik-announces-price-increase-for-metamino

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.