Vitamin B2 Price Trend 1 3322586602
10/05/2022 Other Services
Price: 10017.00 ₹
Description
After the FOB negotiations for New Jersey and Illinois were fixed at USD63655/mt and USD73445/mt in March 2022, the Vitamin B2 market in North America had an upswing in Vitamin B2 price trend in Q1 of 2022. On the demand side, the healthcare industry witnessed significant offtakes throughout the quarter. In terms of supply, there were sufficient stockpiles to meet overall demand, as dealers loaded their inventories in anticipation of the market shut down due to the Asian festive season. Throughout the first quarter, the US nutraceutical market was in limbo due to protracted port congestion and a disrupted supply chain from China owing to the CNY holidays. The high degree of Vitamin B2 consumption in the end-user pharma companies, on the other hand, provided a robust foundation.
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