Ingredients News in July: Price, Market & More

Ingredients News In July Price Market and More

Amino Acids Price Outlook

amino acids price

Tryptophan

The price of non-Chinese sources in the European market is EUR 7.30-7.50 /kg.

The overall supply of the tryptophan industry has decreased, and domestic manufacturers have a strong willingness to raise prices, with a quotation of RMB 55 /kg. According to market knowledge, the overhaul of Jinxiang’s biochemical industry has basically ended, the industry has gradually resumed construction, and the market supply has been increasing. The export quotation of tryptophan enterprises is firm at U.S. dollars 7000-7200 /tons, and some enterprises are restricted in exporting to North America. The quotation in the trade market was raised to RMB 54-56 /kg. With the recovery of terminal demand, the market transaction increased slightly. Pay attention to the transaction in the export and domestic market.

Valine

The European market price is EUR 5.20-5.30 /kg.

The manufacturers’ price is weak and adjusted to RMB 22-23 /kg, some companies have limited stock, users maintain a normal replenishment rhythm, and the trade market quotation is stable at RMB 23-24.5 /kg. The terminal demand is picking up, but according to the market understanding, the new production capacity of the industry is about to be put into production, and the industry’s oversupply will increase at that time, so pay attention to the changes in the production capacity of the industry.

Threonine

The European market price is EUR 2.00-2.15 /kg.

The manufacturer’s quotation is RMB 9.8 /kg, and some manufacturers have signed compensation orders to pay attention to company maintenance and quotation changes. The quotation in the domestic trade market is RMB 9.9-10.7 /kg, some of them maintain a wait-and-see attitude, and the overall transaction enthusiasm is not high. The export demand weakened, and the delivery schedule slowed down. The domestic export price was U.S. dollars 1350-1450 /tons. In June, the export of other amino alcohol phenols was 39,000 tons, a decrease of 24.3% from the previous month. The cumulative export in the year’s first half was 315,000 tons, a year-on-year increase of 13.3%.

Lysine

The market price of 98.5% lysine is RMB 9.0-9.7 /kg, and the price of 70% lysine is RMB 6.2-6.8 /kg, and some are as low as RMB 6.0 /kg.

In the European market, the quotation of lysine hydrochloride from western sources is EUR 2.25-2.30 /kg, the quotation of lysine sulfate is EUR 1.65-1.85 /kg; the quotation of liquid lysine is EUR 1.35-1.45 /kg; the quotation of lysine hydrochloride from China Salt is quoted at EUR 2.00-2.15 /kg and lysine sulfate orders are quoted at EUR 1.65-1.85 /kg.

Most companies have begun to carry out summer maintenance one after another, some companies have suspended production due to the epidemic, and the industry’s operating rate has continued to decrease. 

The current overall operating rate is about 74.5%. Some companies signed low-price compensation orders. The factory quotation of 98.5% lysine fell. The overall quotation was RMB 8800-9200 /tons, and the quotation of 70% lysine was RMB 6000-6400 /tons. The actual transaction price fell slightly, and users maintained Rolling replenishment based. The price of lysine in the trade market has been adjusted weakly, and some are still bearish on the market outlook. The recovery progress of domestic terminal lysine demand is relatively slow. With the decline in the start of maintenance work in the industry, the supply pressure will be eased, and attention will be paid to the company’s maintenance arrangements and progress. In June, 70,000 tons of lysine esters and salts were exported, a decrease of 30% from the previous month. In the first half of the year, the cumulative export was 527,000 tons, a year-on-year increase of 43%.

tryptophan valine threonine lysine price

To know more about the prices of supplements, please go to our official website: www.nutriavenue.com.

Supplement Industry Overview

The supplement industry is experiencing high growth, but it also comes with a lot of headwinds. Sales in the supplement industry are booming, and if raw materials are plentiful, sales will increase by another 20%-30%. But the market at this stage is facing huge problems.

coronavirus and supplement industry
  • First of all, the new coronavirus is sweeping the world, especially in China.

NOW Health Group’s 1,400 SKUs have a fill rate of 75-82% amid current out-of-stocks, said NOW Health Group CEO Jim Emme. Of these, 60% were blockading from China.

  • Secondly, Russia’s war in Ukraine is breaking out.

It is known that 85% of sunflower products come from Ukraine. However, because of the impact of the war, the harvest was greatly reduced. If you use alternatives, such as soy, you enter the realm of allergens.

Russia war in ukraine and supplement industry
  • Third, the transport of raw materials in the global market is constantly changing.

A year ago, you might not be able to buy containers to transport products, but now, you can completely solve this problem. But you’re going to face a big jump in price. From the past $2,500 to the current $10,000 to $15,000, the shipping cost has greatly increased.

FDA Concerns: Food Safety, including Dietary Supplements

Two bills to be introduced to both houses of Congress on July 13 would create a new federal agency focused on food safety. Particularly, this new agency needs to pay more attention to the safety of dietary supplements.

Both the Senate and the House of Representatives have proposed that the Food Safety Administration Act of 2022 would rename the FDA to the Federal Drug Administration and create the Food Safety Administration. And it proposes to separate food from drugs, medical devices, and other products currently regulated by the FDA, a part that could be deregulated by dedicated legislation.

Despite additional authorization and funding when Congress passed the Food Safety Modernization Act of 2011, the FDA has faced criticism for neglecting to adequately regulate food companies.

Over the past decade, the FDA has fallen short of its most basic food safety responsibilities, with inspections down nearly 60 percent. There are nearly 50 million people who get sick each year. The most significant disease that causes this part of people to get sick is a foodborne illness that costs the United States more than $15 billion annually.

Even when FDA conducts inspections and finds and determines a threat to public health, it does not act aggressively. It is hard to imagine what serious consequences will be caused by the U.S. Food and Drug Administration wandering in the long run.

Because of the incidence of foodborne illness and the recent shortage of infant formula, Senator Durbin and Rep. DeLauro expressed concerns about the FDA’s lack of focus on food safety. And at the same time, an FDA commitment lacks food policy specialists who are devoted to building the new agency of U.S. safe food supply.

In addition, the American Herbal Products Association works hard to stop the idea of ​​conflating supplements with drugs. The Dietary Supplement Health and Education Act of 1994 shows that supplements are regulated like foods because they are derived primarily from food sources and are composed of food molecules. Therefore, supplements do not require premarket approval like drugs.

In recent years, dietary supplements have regularly come under fire for safety concerns. Data shows that it results in more than 23,000 emergency department visits and 2,100 hospitalizations each year in the United States. The vast majority are due to girls in their teens and twenties who consume too much caffeine. And, between 2008 and 2016, 778 supplements were adulterated with undeclared or unapproved drug ingredients. Over 98% of it is used for weight loss, bodybuilding, and sexual enhancement.

food safety and supplement

However, in the meantime, it is extremely obvious because of the frequent safety problems caused by supplements in recent years that many related industries and institutions have begun to take action to ensure consumers’ health.

1. AHPA

AHPA, as known as American Herbal Products Association, President Michael McGuffin said AHPA has long advocated for adequate federal resources to ensure the American public can get safe dietary supplements in any way. AHPA heard strong support for restructuring federal oversight to increase experience and expertise in specific categories of food regulation, including dietary supplements, particularly in the areas of facility compliance and guideline development. AHPA remains committed to continuing this work through legislative engagement.

2. Amazon

Amazon is the number one site for buying goods on the Internet. It is now taking steps to become a quality gatekeeper. Amazon’s recent policy is aimed at creating higher-quality supplements. Amazon now requires supplement sellers to provide three documents: a Certificate of Analysis (CofA), an image of the product with the full label (including the Supplement Facts box), and assurance that their product complies with the FDA’s regulations on Good Manufacturing Practice (GMP). This move by Amazon may be a major driver in raising the bar on supplement quality.

Not only are industries and institutions actively taking action, but also changes in people’s thinking about consumption, called conscious consumption, are also driving market realignment and providing new opportunities for companies in related industries.

In recent years, the megatrend of “conscious consumption” is about everything you put into your body, and it boils down to things that are good for your health, such as following a specific diet, finding things that are allergen-free, looking for low sugar and low sodium and other additional functions. Or good for the planet, like organic, non-GMO, upcycled, regenerative. There are also benefits to fair trade, minorities, and women-owned people. It’s a way to attract more people. In the U.S., while 43% of Americans follow a specific diet, 58% are millennials who are leading and inspiring parents, family, and friends around them to focus on what’s good for their health. Consumers are treating food as medicine.

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