CJ CheilJedang reported third-quarter operating profit of 108.5 billion won in its core materials business, up 36% year on year, on revenue of 1.423 trillion won. The gain was driven by anti-dumping and countervailing duties on Chinese lysine in the US, which cut Chinese import volumes sharply, and by local production in several countries.
US and Brazil duties on Chinese lysine shift feed amino acid supply toward non-Chinese producers, which tends to support lysine prices outside China. The article also notes soybean meal priced well above corn, which encourages amino acid use in corn-based feed.
Not 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.