Concern around stock levels of commodities such as sugar, wheat and corn, is claimed by ingredients group Jungbunzlauer as the rationale behind its 10 per cent hike in the price of its xanthan gum, erythritol and citric acid products.
The prospect of antidumping measures for citric acid looms in the US after an investigation found Chinese companies selling products below market value. But one industry player says the duties would have a limited impact.
Gadot is taking its first ever step outside Israel with a joint
venture to build a new citric acid plant in China - a project that
it expects to yield significant cost advantages thanks to the
fermentation technology of partner Jiangsu...
The European Court of First Instance confirmed this week that
Jungbunzlauer (JBL) and Archer Daniels Midland Company (ADM)
engaged in an illegal citric acid price fixing cartel, and has as a
result upheld the original fines imposed.
Pricing pressure on the global market for citric acid has forced
DSM of the Netherlands to lay off staff at its Citrique Belge unit.
And there's no sign of a recovery in the market, says an
independent ingredients consultant,reports...