RAW MATERIAL SITUATION
JUNE 2010
The prices for the main raw materials of the oleochemical industry, animal based fats and vegetable oils, have been increased by 10 – 20% for the 3rd quarter and by 20 – 30% compared to beginning of this year. The main reason besides the global economical recovery is the strong demand from China and other emerging markets and the strongly growing demand from the sectors bioenergy and biodiesel.
Hence, we are forced to adjust our sales prices for our products, which are mainly based on the a.m. raw materials and their downstream products. The price increase will become effective July 1st, 2010 and will be approx. 0,12 € / kg for tallow based and approx. 0,10 € / kg for palm based fatty acids and fatty acid derivatives.
