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The Agar-agar market in China has moved lower through January **** as the post-holiday inventory correction and softer export inquiries affected the procurement for the month. The Agar-agar export buyers have cut the spot purchases after year-end replenishment and mid-month regulatory inspections that has temporarily paused the output at a handful of small coastal workshops. The seasonal red-seaweed harvests were adequate and the electricity tariffs held steady which reduced the immediate cost pressure for the Agar-agar processors. The major warehouses of Agar-agar were covered sufficiently and the deferred restocking by biotech laboratories have further cooled down the Agar-agar demand. The factors have pressured the sale offers and led the Agar-agar suppliers to adjust the FOB levels in China to defend the market share in February.
The Agar-agar demand patterns were uneven across the end-use sectors with export markets notably soft for confectionery and dairy...
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