Citric acid prices have risen consistently on global markets during March and April xxxx, with top exporting country China and important importers including the USA and Germany faring severely. Industry professionals affirm that demand for citric acid has outpaced supply capability, driving prices to record levels in the last few weeks.
Chinese manufacturers started to increase citric acid prices from February, and the main driving factors were said to be production limitations and bottlenecks in transportation. The citric acid production industry remains under intense pressure from increasing raw material prices and persistent logistical problems, with manufacturers having little alternative but to amend pricing structures as a result.
The higher prices of citric acid have a direct bearing on American and German food manufacturers who rely heavily on this prime ingredient. Citric acid is a prime ingredient in beverages, processed foods, pharmaceuticals, and cleaning agents鈥攁ll sectors which...
