Chinese officials confirmed several cases of African swine fever (ASF) in March; one in Hubei Province among wild boar, one each in Henan and Inner Mongolia, and two in Sichuan. All involved illegally transported animals.
(average cost and freight to Durban)
CHINA, SOUTH EAST AND CENTRAL ASIA
Europe and Russia
Middle East and Africa
Deliveries of raw materials to Chinese lysine plants have resumed after the COVID-19 restrictions were lifted, boosting production and overall stock levels. However, lackluster local demand and global logistical issues could start putting pressure on the market as the stock levels improve.
Strong global demand for poultry feed and production issues in Europe and Malaysia due to anti-COVID-19 measures are pushing methionine prices higher. The ZAR/USD exchange and the countrywide lockdown are making matter worse for the local market.
Chinese threonine is expected to remain tight as production is slow to recover and most producers are pushing to catch up on back orders. International demand is set to rise after Evonik declared force majeure in March. Expect prices to remain strong.
Valine prices resumed the sharp rising trend seen earlier in the year. Supplies are tight and are expected to remain so for the foreseeable future, supporting the current price dynamics. International logistical challenges will contribute to maintain current price levels.
Higher production and stable demand have tempered tryptophan prices after strong increases in February and March. Expect tryptophan to remain stable at the current levels.
This report contains information supplied by and compiled from eFeedLink and Feedinfo.
Detailed reports and references are available on request.