There have been significant changes in the global vitamin market which will impact the availability and price of vitamins and premixes used to manufacture feed starting this month. Rest assured that we are committed to working with you to navigate this challenge while providing optimal nutrition from our suppliers. We’d like to share some details with you as to what is going on in the market.
Global supplies of vitamin A and vitamin E will be in short supply over the next few months, due to a manufacturing issue with one of the leading suppliers, BASF. Earlier this month, BASF declared force majeure for all its vitamin A and vitamin E and for several carotenoid products. This declaration is a legal clause that exempts them from fulfilling their contractual supply obligations for all their vitamin A and vitamin E products and several carotenoid products. It was made following a fire that reportedly damaged BASF’s citral facility in Germany. Citral is key to the manufacturing process of those vitamins.
This global supply issue and very limited availability of the impacted vitamins have resulted in significant price increases in the animal nutrition market. You will begin to see those prices reflected in pricing of animal feeds starting in December 2017. These price increases from manufacturers will impact the prices of feed in businesses across the country. We are doing what we can to mitigate the impact and will stay in close contact with you as we manage through this until supplies are restored.
Our number one priority is to continue to provide you with the quality products you and your customers expect from us. Thank you for working through this global industry challenge with us.
Please do not hesitate to reach out to us with any questions.
Kissimmee Valley Feed