Special feed products

The trade war between the United States and China and the associated customs policies are also influencing the global markets, particularly for amino acids, vitamins and trace elements – these are increasingly difficult to predict. An up-to-date market report by the AGRAVIS expert Dr. Elke Müller-Mußmann:

Amino acids:

The market for amino acids should remain mostly stable in the coming months. The prices for the fermentatively produced amino acids lysine and threonine are expected to remain constant at a historically low level because the demand is met by a large supply.
The problems of a significant European manufacturer in its methionine production have been resolved. Along with the capacity increases by other producers, this will lead to higher production volumes and, in case of a stable demand, to declining prices.

Vitamins:

The vitamin markets show an inconsistent picture. The price of vitamin E has reached a low point. Enough quantities are currently available, which means that no price increase is expected in the near future. The price of vitamin A has dropped sharply since 2018, but is still clearly above its 2017 levels. If the supply and demand ratio is balanced, the current price level should continue for a while. The dominance of Chinese producers in the B vitamin market is rising. This is why price changes on the market will be influenced not so much by the consumers’ behaviour but that of the producers in China. At the moment, no major changes are indicated, but they can happen quickly due to the market concentration.

Trace elements:

In the face of the trade war between the United States and China, the metal exchanges have recently declined. However, there may be short-term price increases for individual compounds again, since China is a significant supplier as well as a heavy consumer.

Phosphates:

High stock levels of phosphoric acid worldwide are determining the phosphate market. This can mainly be attributed to lagging sales in fertiliser phosphates, which are also resulting in pricing pressure on feed phosphates.

Dairy products:

Since the beginning of the year, the price of low-fat milk powder has increased by about 50 per cent due to low supplies and is currently stable. No price reduction is currently in sight on the global market. Furthermore, there are no longer any noteworthy amounts of intervention goods available on an EU level. This is why the future price changes will be mainly determined by the delivered milk quantities in the coming months.