Similar to the first quarter we also see a substantial price increase of animal fats and vegetable oils for the second quarter of 2021. In addition to growing demand of the bio diesel sector the impact of the corona virus pandemic is also a major factor in this development. The corona virus impact is clearly visible in lockdown-related production limits as well as increasing shipping costs.
Tallow and palm oil based fatty acids are the main raw materials for our products. Therefore, we are unfortunately forced to raise the sales prices of our products accordingly.