Price volatility on the Russian feed additives market

21-04-2021 | |
Photo: Misset
Photo: Misset

Relatively strong up and downs can still be seen on the Russian feed additives market, although not all prices are growing. This is according to said Lybov Savkina, marketing director of the Russian consulting agency Feedlot.

Price of methionine

From mid-March to mid-April 2021, the price of methionine on the Russian market climbed by 15%. However, when compared with the same period of the previous year, it decreased by 12% to €3.5 per kilogram, Feedlot estimated.

Threonine prices

The price for threonine increased by 6.2% on month-to-month comparison. But decreased by 0.9% on year-to-year comparison to €1.68.

Lysine activity

Lysine has fallen in price by 1.2% and 9.3% year to €2.52 per kilogram.

“World prices for lysine show a slight downward trend, especially noticeable in the EU market, where they dropped by 12% during the last month, which is associated with a slight decrease in world prices for corn – one of the main components for lysine production,” Savkina said

“Besides, the markets are looking forward to the implementation of the Meihua and Yuxing Biological projects, which are expected to add 500,000 tonnes of lysine production capacity per year,” she added.

Tryptophan prices rally

The price for tryptophan in Russia jumped by 25.6% during the last months and by 61.5% in the previous year, Feedlot estimated. This price rally has been seen against the backdrop of rising prices in March 2021 in China and Indonesia – the leading suppliers of this amino acid to the Russian market.

Feed vitamins prices gain relief from lower sea freight costs

On the feed vitamins market, some price relief has been noticed. To some extent, this is associated with a decrease in the cost of sea freight, as well as the end of the Suez Canal blockage, Savkina said.

Vitamin A1000

For instance, vitamin A1000 is sold in Russia at an average price of €98 per kilogram, which is 4.9% higher than a month ago, but 7.2% lower than a year ago, Savkina said.

Vitamin B2

The price for vitamin B2 shows a downward trend both in Russia and the EU countries. Over the month, the price of vitamin B2 in Russia decreased by 19.0% and amounted to €16.9 per kilogram, while in the EU countries, it fell by 10.3% to €12.3 per kilogram.

Vitamin D3

In Russia, the price of feed vitamin D3 on the market is €21.4, which is 70.7% lower than a year ago. The price of vitamin E on the Russian market ranges from €8.8 to €10.8 s per kilogram. On average, the price of vitamin E dropped by 11% during the past year globally, Savkina added.

Vladislav Vorotnikov Eastern European correspondent